The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance level at 1.288 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.2 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘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 success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.347 |
| 2nd High | 1.338 |
| Next High | 1.288 |
| Current Price | 1.263000000 |
| Next Low | 1.2 |
| 2nd Low | 1.197 |
| 3rd Low | 1.195 |
1.288 – 1.338 – 1.347 – 1.27 – 1.2 – 1.244 —
1.278000000 – 1.263000000 —
42.738486354198 – 37.8379178448 —
– —
1.288 – 1779616800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –