DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 1.533 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.484 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Belt Hold’ chart pattern is existing. The candles show ‘Bullish Belt Hold’. 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 likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.556 |
| 2nd High | 1.547 |
| Next High | 1.533 |
| Current Price | 1.528000000 |
| Next Low | 1.484 |
| 2nd Low | 1.463 |
| 3rd Low | 1.43 |
1.533 – 1.513 – 1.52 – 1.484 – 1.463 – 1.43 —
1.497000000 – 1.522000000 —
48.210322598446 – 60.876996611161 —
– —
1.533 – 1773084600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – – –