The combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 1.534 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.431 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.576 |
| 2nd High | 1.566 |
| Next High | 1.534 |
| Current Price | 1.447000000 |
| Next Low | 1.431 |
| 2nd Low | 1.399 |
| 3rd Low | 0.633 |
1.534 – 1.566 – 1.55 – 1.501 – 1.431 – 1.51 —
1.493000000 – 1.453000000 —
32.964473886219 – 22.956009134613 —
– —
1.534 – 1770175800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –