DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.

A continuation of the bullish trend up to the next resistance at 4.309000000 will continue.

Caution: A possible reversal of the trend in the direction of support at 3.837000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 4.234 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 4.309000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.234000000 – 4.158000000 – 4.181000000 – 3.837000000 – 3.817000000 – 3.965000000 — 67.5947445119 – 69.724630741483

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern – –