The currency pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 1.368 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.252 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.393 |
| 2nd High | 1.377 |
| Next High | 1.368 |
| Current Price | 1.413000000 |
| Next Low | 1.252 |
| 2nd Low | 1.249 |
| 3rd Low | 1.225 |
1.352 – 1.304 – 1.281 – 1.252 – 1.249 – 1.225 —
1.376000000 – 1.401000000 —
63.48952871818 – 68.856709436305 —
– —
1.352 – 1771030800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –