Then a ‘Double bottom chart pattern’ chart formation is detected. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 4.112000000 is certain.
Caution: A possible change in the direction of the support level at 3.977000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Then a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 4.225000000 |
2nd High | 4.214000000 |
Next High | 4.112000000 |
Current Price | 4.064000000 |
Next Low | 3.977000000 |
2nd Low | 3.868000000 |
3rd Low | 3.742000000 |
4.112000000 – 4.056000000 – 4.053000000 – 3.977000000 – 4.013000000 – 4.004000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji