DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 3.825000000 is considered certain.
Caution: A possible change in the direction of support at 3.712000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.021000000 |
| Next High | 3.825000000 |
| Current Price | 3.787000000 |
| Next Low | 3.712000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.538000000 |
3.825000000 – 4.021000000 – 3.934000000 – 3.712000000 – 3.874000000 – 3.807000000 — 44.654246340498 – 48.818523312865
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –