DOT/USDT – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 1.296 is expected.

Caution: A possible change in the direction of the support line at 1.197 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.296 – 1.263 – 1.241 – 1.197 – 1.204 – 1.195 —
1.283000000 – 1.310000000 —
61.944043937879 – 68.367177464676 —
– —
1.296 – 1777989600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –