DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 3.934000000 is expected.
Caution: A possible reversal of the trend in the direction of support at 3.807000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. 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 Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.146000000 |
| Next High | 3.934000000 |
| Current Price | 3.965000000 |
| Next Low | 3.807000000 |
| 2nd Low | 3.755000000 |
| 3rd Low | 3.689000000 |
3.934000000 – 3.925000000 – 3.923000000 – 3.807000000 – 3.836000000 – 3.848000000 — 58.957132204826 – 61.544685946375
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – Double bottom chart pattern – –