DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 1.444 is certain.
Caution: A possible counter-trend in the direction of support at 1.235 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ” indicator layout is detected. The indicator is ”. which could be a positive signal. The currency pair could go up.
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Additionally a ‘StochRSI %K crosses above 0.2’ indicator layout is detected. The indicator is ‘StochRSI %K crosses above 0.2’. which could be a positive signal. The currency pair could go up.
Additionally a ‘Bullish Engulfing’ candle chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive 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 ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.55 |
| 2nd High | 1.549 |
| Next High | 1.444 |
| Current Price | 1.413000000 |
| Next Low | 1.235 |
| 2nd Low | 1.225 |
| 3rd Low | 1.101 |
1.444 – 1.549 – 1.55 – 1.428 – 1.493 – 1.473 —
1.435000000 – 1.420000000 —
38.713022045683 – 27.395301814467 —
– —
1.444 – 1773489600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – – –