The pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 1.073 will persist.
Caution: A possible change in the direction of the support zone at 0.949 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.206 |
| 2nd High | 1.133 |
| Next High | 1.073 |
| Current Price | 1.036000000 |
| Next Low | 0.949 |
| 2nd Low | 0.941 |
| 3rd Low | 0.903 |
0.995 – 0.975 – 0.975 – 0.949 – 0.941 – 0.903 —
1.004000000 – 1.029000000 —
69.092321011647 – 75.771062425532 —
– —
0.995 – 1781334000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –