The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 1.551 will persist.
Caution: A possible change in the direction of the support zone at is also possible.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.
And also a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.
And also a ‘Bullish Belt Hold’ candle chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.603 |
| 2nd High | 1.557 |
| Next High | 1.551 |
| Current Price | 1.561000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.551 – 1.557 – 1.522 – 1.473 – 1.498 – 1.504 —
1.529000000 – 1.541000000 —
44.147753487757 – 55.039533629031 —
– —
1.551 – 1772587800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – – –