DOT/USDT – 30M – BUY

The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.

The bullish trend upwards to the next resistance level at 1.566000000 will persist.

Caution: A possible trend reversal in the direction of support at 1.431 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.54178 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.566000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

1.566000000 – 1.55 – 1.576 – 1.431 – 1.51 – 1.509 —
1.566000000 – 1.506000000 —
61.883464232917 – 48.430419273282 —
1.566000000 – 1770150600 —
– 1770150600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –