DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 4.295000000 is considered certain.
Caution: A possible change in the direction of the support level at 4.150000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. 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 ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.626000000 |
| 2nd High | 4.405000000 |
| Next High | 4.295000000 |
| Current Price | 4.180000000 |
| Next Low | 4.150000000 |
| 2nd Low | 4.119000000 |
| 3rd Low | 4.054000000 |
4.295000000 – 4.405000000 – 4.626000000 – 4.150000000 – 4.280000000 – 4.153000000 — 36.546878821229 – 38.723938128959
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – – –