The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance at 1.377 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.34 is also possible.
Consider stop-loss settings accordingly.
Next a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair is likely to rise.
Next a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.407 |
| 2nd High | 1.393 |
| Next High | 1.377 |
| Current Price | 1.359000000 |
| Next Low | 1.34 |
| 2nd Low | 1.101 |
| 3rd Low | 0.633 |
1.377 – 1.393 – 1.407 – 1.34 – 1.342 – 1.101 —
1.372000000 – 1.361000000 —
43.283734534616 – 48.171305760487 —
– —
1.377 – 1770541200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –