And also a ‘Double bottom chart pattern’ chart formation is found. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 3.696000000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 3.644000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘RSI cross above 70’ indicator layout is existing. The indicator shows ‘RSI cross above 70’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Bullish Belt Hold’ candle chart pattern is found. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.757000000 |
| 2nd High | 3.707000000 |
| Next High | 3.696000000 |
| Current Price | 3.737000000 |
| Next Low | 3.644000000 |
| 2nd Low | 3.570000000 |
| 3rd Low | 3.553000000 |
3.696000000 – 3.696000000 – 3.647000000 – 3.644000000 – 3.570000000 – 3.553000000 — 55.16156911259 – 69.394949246479
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –