The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline upwards
A bullish trend upwards to the next resistance line at 2.296 will continue.
Caution: A possible trend reversal in the direction of the support zone at 2.038 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.333 |
| 2nd High | 2.298 |
| Next High | 2.296 |
| Current Price | 2.197000000 |
| Next Low | 2.038 |
| 2nd Low | 2.022 |
| 3rd Low | 1.968 |
2.296 – 2.298 – 2.333 – 2.195 – 2.259 – 2.215 — 41.668558456182 – 45.368585997379 — 67.259209171474 – 81.720549767631 – 51.604686206399 – 65.375232099084
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –