The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 0.974 is certain.
Caution: A possible change in the direction of support at 0.947 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.
And also a ‘Three Outside Up’ chart pattern is existing. The candles form ‘Three Outside Up’. which is a bullish signal. The currency 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.043 |
| 2nd High | 0.982 |
| Next High | 0.974 |
| Current Price | 0.969000000 |
| Next Low | 0.947 |
| 2nd Low | 0.94 |
| 3rd Low | 0.903 |
0.974 – 0.982 – 1.043 – 0.947 – 0.94 – 0.967 —
0.970000000 – 0.966000000 —
53.236125817832 – 45.788247480148 —
– —
0.974 – 1781931600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –