DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 3.692000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 3.446000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘RSI cross above 30’ indicator signal is existing. The indicator shows ‘RSI cross above 30’. which could be a positive chart signal. The currency pair could go up.
Moreover a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.084000000 |
| 2nd High | 3.921000000 |
| Next High | 3.692000000 |
| Current Price | 3.556000000 |
| Next Low | 3.446000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
3.692000000 – 3.921000000 – 3.858000000 – 3.446000000 – 3.568000000 – 3.745000000 — 39.172438149949 – 43.678091215602
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – –