The currency pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.011 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.949 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.124 |
| 2nd High | 1.073 |
| Next High | 1.011 |
| Current Price | 1.042000000 |
| Next Low | 0.949 |
| 2nd Low | 0.946 |
| 3rd Low | 0.941 |
1.011 – 0.995 – 0.972 – 0.949 – 0.965 – 0.976 —
1.005000000 – 1.024000000 —
58.268388611264 – 71.988058430087 —
– —
1.011 – 1781501400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –