DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 2.316 is certain.
Caution: A possible change in the direction of the support level at 2.263 could happen.
Consider stop-loss settings accordingly.
Besides a ‘%K cross above 20’ indicator layout is detected. The indicator is ‘%K cross above 20’. which could be a positive signal. The currency pair is likely to rise.
Besides a ‘Latter Bottom’ candlestick chart pattern is discovered. The chart shows ‘Latter Bottom’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.435 |
| 2nd High | 2.397 |
| Next High | 2.316 |
| Current Price | 2.311000000 |
| Next Low | 2.263 |
| 2nd Low | 2.176 |
| 3rd Low | 0.633 |
2.316 – 2.397 – 2.339 – 2.263 – 2.176 – 2.242 — 41.119907422566 – 59.235704349943 — 0 – 28.852730193571 – 7.0593289994769 – 10.810009917571
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Latter Bottom – Double bottom chart pattern – –