DOT/USDT – 4H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 4.283000000 will continue.
Caution: A possible counter-trend in the direction of support at 3.690000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Bearish Harami Cross’ chart pattern is detected. The chart shows ‘Bearish Harami Cross’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.371000000 |
| Next High | 4.283000000 |
| Current Price | 3.799000000 |
| Next Low | 3.690000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.283000000 – 4.193000000 – 4.371000000 – 3.690000000 – 3.697000000 – 3.812000000 — 39.171782300954 – 39.520351272968
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Harami Cross – – –