The pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 1.295 is likely expected.
Caution: A possible change in the direction of the support level at 1.221 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next 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 chart scenario. The currency pair is likely to rise.
Next a ‘Bullish Separating Lines’ candle chart pattern is discovered. The chart forms ‘Bullish Separating Lines’. 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 ‘Bullish Separating Lines’ heading up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.306 |
| 2nd High | 1.303 |
| Next High | 1.295 |
| Current Price | 1.284000000 |
| Next Low | 1.221 |
| 2nd Low | 1.216 |
| 3rd Low | 1.101 |
1.27 – 1.265 – 1.25 – 1.221 – 1.216 – 1.239 —
1.306000000 – 1.288000000 —
83.174841052262 – 52.216043325383 —
– —
1.27 – 1775401200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Separating Lines – – –