The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 1.533 is likely expected.
Caution: A possible counter-trend in the direction of support at 1.463 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. 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 success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.556 |
| 2nd High | 1.547 |
| Next High | 1.533 |
| Current Price | 1.512000000 |
| Next Low | 1.463 |
| 2nd Low | 1.43 |
| 3rd Low | 1.425 |
1.533 – 1.513 – 1.52 – 1.463 – 1.43 – 1.445 —
1.509000000 – 1.512000000 —
55.536171802884 – 53.835497561489 —
– —
1.533 – 1773084600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –