DOT/USDT – 1H – BUY

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

A bullish movement upwards to the next resistance at 1.391 is expected.

Caution: A possible change in the direction of the support zone at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.399126 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 1.391 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Inverted Hammer’ candle pattern is found. The candles show ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).

1.391 – 1.44 – 1.304 – 1.332 – 1.331 – 1.252 —
1.380000000 – 1.377000000 —
53.31520189104 – 40.485457398849 —
– —
1.391 – 1771246800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Inverted Hammer – Rising Wedge Chart Pattern – –