DOT/USDT – 30M – BUYNext a ‘Double top retreat up’ chart pattern is found. The chart picture forms ‘Double top retreat up’. this is a bullish signal. The pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline up.
The bullish trend upwards to the next resistance level at 4.084000000 is certain.
Caution: A possible counter-trend in the direction of the support line at 3.905000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.309000000 |
| Next High | 4.084000000 |
| Current Price | 3.916000000 |
| Next Low | 3.905000000 |
| 2nd Low | 3.900000000 |
| 3rd Low | 3.863000000 |
4.084000000 – 4.309000000 – 4.218000000 – 3.905000000 – 4.115000000 – 4.113000000 — 34.539993740194 – 39.328355519591
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up –