DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.

A bullish ascent upwards to the next resistance at 3.997000000 will persist.

Caution: A possible counter-trend in the direction of support at 3.890000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 4.040726 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 3.997000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

3.997000000 – 3.966000000 – 3.955000000 – 3.890000000 – 3.812000000 – 3.903000000 — 56.570253408648 – 59.65971297439

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –