DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.

A descending movement downwards to the next support at 6.010000000 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 7.802000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 7.941988 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 7.802000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers