DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) moves from the descending trendline upwards
A bullish ascent up to the next resistance level at 4.021000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 3.689000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Above the Stomach’ chart pattern is found. The chart forms ‘Above the Stomach’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.283000000 |
| Next High | 4.021000000 |
| Current Price | 3.770000000 |
| Next Low | 3.689000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.021000000 – 3.934000000 – 4.283000000 – 3.874000000 – 3.807000000 – 3.836000000 — 35.015483492295 – 44.447654714914
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Above the Stomach – – –