DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 2.397 is certain.
Caution: A possible counter-trend in the direction of the support line at 2.176 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 2.498 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 2.397 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.867 |
| 2nd High | 2.82 |
| Next High | 2.397 |
| Current Price | 2.369000000 |
| Next Low | 2.176 |
| 2nd Low | 0.633 |
| 3rd Low |
2.397 – 2.339 – 2.37 – 2.176 – 2.257 – 2.252 — 63.099786215496 – 65.674276213927 — 33.531377645748 – 66.666666666667 – 32.82584478277 – 38.66815199901
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –