DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 3.997000000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 3.890000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ chart pattern is existing. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.103000000 |
| Next High | 3.997000000 |
| Current Price | 3.981000000 |
| Next Low | 3.890000000 |
| 2nd Low | 3.812000000 |
| 3rd Low | 3.688000000 |
3.997000000 – 3.966000000 – 3.955000000 – 3.890000000 – 3.812000000 – 3.903000000 — 53.266290358196 – 58.61927847681
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – – –