The pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 2.393 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 2.096 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ chart pattern is found. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.82 |
| 2nd High | 2.4 |
| Next High | 2.393 |
| Current Price | 2.220000000 |
| Next Low | 2.096 |
| 2nd Low | 1.968 |
| 3rd Low | 1.762 |
2.18 – 2.033 – 1.845 – 2.096 – 1.968 – 1.762 — 55.4731787258 – 58.401085295212 — 13.565934888984 – 31.071474731808 – 12.752341559306 – 15.273761426571
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern – –