The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 1.34 is certain.
Caution: A possible change in the direction of the support zone at 1.271 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Three Outside Up’ candlestick pattern is detected. The candles form ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.429 |
| 2nd High | 1.412 |
| Next High | 1.34 |
| Current Price | 1.301000000 |
| Next Low | 1.271 |
| 2nd Low | 1.27 |
| 3rd Low | 1.235 |
1.295 – 1.34 – 1.337 – 1.271 – 1.27 – 1.272 —
1.280000000 – 1.297000000 —
45.162819791059 – 59.284295987544 —
– —
1.295 – 1774654200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –