The combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 0.995 is expected.
Caution: A possible change in the direction of support at 0.941 is also possible.
Consider stop-loss settings accordingly.
Then a ‘StochRSI %K crosses above 0.2’ indicator signal is discovered. The indicator shows ‘StochRSI %K crosses above 0.2’. which is often a bullish signal. The currency pair could go up.
Then a ‘Morning Doji Star’ candle pattern is found. The chart shows ‘Morning Doji Star’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 0.995 |
| Current Price | 0.970000000 |
| Next Low | 0.941 |
| 2nd Low | 0.903 |
| 3rd Low | 0.884 |
0.995 – 0.975 – 0.975 – 0.941 – 0.903 – 0.928 —
0.984000000 – 0.974000000 —
53.389612147397 – 39.486550167864 —
– —
0.995 – 1781334000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Morning Doji Star – – –