And also a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 2.18 is expected.
Caution: A possible change in the direction of the support level at 2.096 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. 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 | 2.4 |
| 2nd High | 2.393 |
| Next High | 2.18 |
| Current Price | 2.223000000 |
| Next Low | 2.096 |
| 2nd Low | 1.968 |
| 3rd Low | 1.762 |
2.18 – 2.033 – 1.845 – 2.096 – 1.968 – 1.762 — 47.407487306076 – 56.813756560336 — 33.88647009095 – 50.554842318944 – 20.707023895214 – 34.275785394547
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern – –