DOT/USDT – 30M – BUYAdditionally a ‘Double bottom chart pattern’ chart pattern is detected. The chart picture shows ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance at 4.074000000 is expected.
Caution: A possible trend reversal in the direction of support at 3.986000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Hammer’ candle chart pattern is existing. The chart forms ‘Hammer’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 – –