DOT/USDT – 1H – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance at 1.334 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.286 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.334 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.334 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ chart pattern is discovered. The candles form ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.334 – 1.296 – 1.263 – 1.286 – 1.197 – 1.204 —
1.319000000 – 1.304000000 —
54.027247735648 – 45.285050992845 —
– —
1.334 – 1778054400

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