The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 4.387000000 will continue.
Caution: A possible change in the direction of the support line at 4.320000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
And also a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.882000000 |
| 2nd High | 4.463000000 |
| Next High | 4.387000000 |
| Current Price | 4.325000000 |
| Next Low | 4.320000000 |
| 2nd Low | 4.289000000 |
| 3rd Low | 4.136000000 |
4.387000000 – 4.463000000 – 4.416000000 – 4.320000000 – 4.322000000 – 4.289000000 — 45.764966290891 – 46.090274912211
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –