DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 6.520000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 7.988000000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Harami’ candle pattern is detected. The chart forms ‘Bullish Harami’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Harami’ going up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 6.618000000 |
| Next Low | 6.520000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Harami