DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance level at 0.96 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.903000000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Morning Doji Star’ candlestick pattern is found. The chart forms ‘Morning Doji Star’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Morning Doji Star’ going up is 76% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.001 |
| 2nd High | 0.996 |
| Next High | 0.96 |
| Current Price | 0.948000000 |
| Next Low | 0.903000000 |
| 2nd Low | 0.884 |
| 3rd Low |
0.96 – 0.996 – 1.001 – 0.903000000 – 0.928 – 0.949 —
0.916000000 – 0.950000000 —
31.790930024441 – 54.344991908028 —
0.903000000 – 1781128800 —
0.96 – 1781096400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Morning Doji Star – – –