The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 1.534 will persist.
Caution: A possible counter-trend in the direction of support at 1.431 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
There is also a ‘Latter Bottom’ candlestick pattern is detected. The chart forms ‘Latter Bottom’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.576 |
| 2nd High | 1.566 |
| Next High | 1.534 |
| Current Price | 1.481000000 |
| Next Low | 1.431 |
| 2nd Low | 1.399 |
| 3rd Low | 0.633 |
1.534 – 1.566 – 1.55 – 1.501 – 1.431 – 1.51 —
1.449000000 – 1.479000000 —
33.235886091431 – 45.310812695657 —
– —
1.534 – 1770175800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Latter Bottom – Double top retreat up – –