DOT/USDT – 4H – BUYThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline upwards
A bullish movement upwards to the next resistance line at 4.193000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 3.812000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle pattern is found. The candles show ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 3.882000000 |
| Next Low | 3.812000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.193000000 – 4.371000000 – 4.181000000 – 3.812000000 – 3.817000000 – 3.538000000 — 40.1667992139 – 44.010694297289
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top chart pattern – –