DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 1.887 is likely expected.
Caution: A possible change in the direction of the support zone at 1.828 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Inverted Hammer’ candlestick chart pattern is existing. The chart forms ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.941 |
| 2nd High | 1.924 |
| Next High | 1.887 |
| Current Price | 1.881000000 |
| Next Low | 1.828 |
| 2nd Low | 1.765 |
| 3rd Low | 1.762 |
1.887 – 1.924 – 1.941 – 1.828 – 1.843 – 1.899 —
1.847000000 – 1.880000000 —
45.345282075312 – 54.254736560909 —
– —
1.88700 – 1769486400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Inverted Hammer – – –