DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 1.291 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.235 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Inverted Hammer’ candle pattern is existing. The chart shows ‘Inverted Hammer’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.341 |
| 2nd High | 1.308 |
| Next High | 1.291 |
| Current Price | 1.259000000 |
| Next Low | 1.235 |
| 2nd Low | 1.171 |
| 3rd Low | 1.147 |
1.291 – 1.308 – 1.341 – 1.235 – 1.248 – 1.27 —
1.267000000 – 1.262000000 —
46.074601884103 – 46.864720983701 —
– —
1.291 – 1776603600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Inverted Hammer – – –