DOT/USDT – 1H – BUYThe currency pair jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 4.392000000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 4.239000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.615000000 |
| 2nd High | 4.437000000 |
| Next High | 4.392000000 |
| Current Price | 4.339000000 |
| Next Low | 4.239000000 |
| 2nd Low | 4.045000000 |
| 3rd Low | 3.679000000 |