The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 0.893 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.842 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘StochRSI %K crosses above 0.2’ indicator layout is detected. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish chart signal. The currency pair is likely to rise.
Additionally a ‘Three Line Strike – Bullish’ candle chart pattern is found. The chart shows ‘Three Line Strike – Bullish’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92 |
| 2nd High | 0.913 |
| Next High | 0.893 |
| Current Price | 0.889000000 |
| Next Low | 0.842 |
| 2nd Low | 0.633 |
| 3rd Low |
0.893 – 0.913 – 0.92 – 0.842 – 0.897 – 0.883 —
0.890000000 – 0.884000000 —
52.832400760468 – 47.047652027079 —
– —
0.893 – 1782338400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Line Strike – Bullish – – –