DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance line at 2.144 is expected.
Caution: A possible reversal of the trend in the direction of the support line at could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
And also a ‘Bullish Belt Hold’ candle pattern is existing. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.263 |
| 2nd High | 2.249 |
| Next High | 2.144 |
| Current Price | 2.123000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.144 – 2.249 – 2.263 – 2.048 – 2.112 – 2.096 — 54.880695405236 – 59.840825541531 — 98.725785065166 – 98.725785065166 – 91.738497513596 – 95.232141289381
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – – –