DOT/USDT – 30M – BUYMoreover a ‘Double bottom chart pattern’ chart formation is existing. The chart forms ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to rise.
The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance line at 4.074000000 is certain.
Caution: A possible reversal of the trend in the direction of support at 3.986000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Hammer’ chart pattern is detected. The chart forms ‘Hammer’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.146000000 |
| 2nd High | 4.089000000 |
| Next High | 4.074000000 |
| Current Price | 4.075000000 |
| Next Low | 3.986000000 |
| 2nd Low | 3.782000000 |
| 3rd Low | 3.775000000 |
4.074000000 – 4.089000000 – 3.870000000 – 3.986000000 – 3.782000000 – 3.797000000 — 63.898621291109 – 64.977766716037
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Hammer – Double bottom chart pattern – –