DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 2.435 is likely expected.
Caution: A possible change in the direction of the support line at 2.252 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.82 |
| 2nd High | 2.62 |
| Next High | 2.435 |
| Current Price | 2.343000000 |
| Next Low | 2.252 |
| 2nd Low | 0.633 |
| 3rd Low |
2.435 – 2.62 – 2.82 – 2.252 – 2.503 – 2.569 — 44.15532998086 – 45.348226996906 — 58.140514773307 – 62.222406593103 – 51.111732887392 – 58.478987813609
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –