The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 0.865 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.834 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Tweezers Bottom’ candlestick pattern is detected. The chart shows ‘Tweezers Bottom’. 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 ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.885 |
| 2nd High | 0.874 |
| Next High | 0.865 |
| Current Price | 0.848000000 |
| Next Low | 0.834 |
| 2nd Low | 0.828 |
| 3rd Low | 0.825 |
0.865 – 0.862 – 0.874 – 0.834 – 0.828 – 0.838 —
0.851000000 – 0.850000000 —
45.936970784333 – 43.055754307855 —
– —
0.865 – 1784305800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Bottom – – –