DOT/USDT – 1H – BUYFurthermore a ‘Double bottom chart pattern’ chart formation is found. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance line at 3.885000000 will continue.
Caution: A possible change in the direction of support at 3.782000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.906000000 |
| 2nd High | 3.894000000 |
| Next High | 3.885000000 |
| Current Price | 3.962000000 |
| Next Low | 3.782000000 |
| 2nd Low | 3.725000000 |
| 3rd Low | 3.692000000 |
3.885000000 – 3.894000000 – 3.906000000 – 3.782000000 – 3.725000000 – 3.692000000 — 61.571948691419 – 78.280002249765
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern – –