The combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline upwards
A bullish movement up to the next resistance line at 1.432 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.392 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. this 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 ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.549 |
| 2nd High | 1.444 |
| Next High | 1.432 |
| Current Price | 1.431000000 |
| Next Low | 1.392 |
| 2nd Low | 1.235 |
| 3rd Low | 1.225 |
1.432 – 1.444 – 1.549 – 1.392 – 1.428 – 1.493 —
1.420000000 – 1.425000000 —
45.652653784965 – 52.315851694587 —
– —
1.432 – 1773541800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –