There is also a ‘Double top retreat up’ chart pattern is found. The formation shows ‘Double top retreat up’. which is a positive signal. The currency pair is likely to rise.
The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 2.39 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.633 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.82 |
| 2nd High | 2.397 |
| Next High | 2.39 |
| Current Price | 2.244000000 |
| Next Low | 0.633 |
| 2nd Low | |
| 3rd Low |
2.39 – 2.397 – 2.82 – 2.176 – 2.252 – 2.617 — 39.233751722137 – 57.903730081983 — 60.641496381439 – 77.819018731375 – 45.746860366113 – 62.068078615013
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –