The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 1.48 is likely expected.
Caution: A possible change in the direction of the support level at could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Furthermore a ‘Three Outside Up’ candlestick pattern is discovered. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.547 |
| 2nd High | 1.485 |
| Next High | 1.48 |
| Current Price | 1.474000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.48 – 1.485 – 1.547 – 1.43 – 1.445 – 1.425 —
1.461000000 – 1.469000000 —
49.663527799986 – 50.395576532083 —
– —
1.48 – 1772996400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –