DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 4.317000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 4.170000000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency 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 | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.317000000 |
| Current Price | 4.317000000 |
| Next Low | 4.170000000 |
| 2nd Low | 4.097000000 |
| 3rd Low | 3.837000000 |
4.317000000 – 4.234000000 – 3.936000000 – 4.170000000 – 4.097000000 – 3.837000000 — 55.330121606018 – 62.165728913195
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –