DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.

An ascent up to the next resistance level at 1.549 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 1.392 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.555 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 1.549 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. this 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 ‘Three White Soldiers’ heading up is 82%.

1.444 – 1.549 – 1.555 – 1.392 – 1.493 – 1.473 —
1.436000000 – 1.533000000 —
54.698932767731 – 82.781845078768 —
– —
1.444 – 1773576000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –