DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline up.
A bullish trend up to the next resistance line at 1.372 will continue.
Caution: A possible change in the direction of the support line at 1.26 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Belt Hold’ chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.391 |
| 2nd High | 1.381 |
| Next High | 1.372 |
| Current Price | 1.303000000 |
| Next Low | 1.26 |
| 2nd Low | 1.252 |
| 3rd Low | 1.249 |
1.372 – 1.381 – 1.391 – 1.26 – 1.3 – 1.338 —
1.300000000 – 1.303000000 —
49.852636215985 – 50.680045120993 —
– —
1.372 – 1771426800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – – –