DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 4.215000000 is expected.
Caution: A possible counter-trend in the direction of the support line at 4.097000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.598000000 |
| 2nd High | 4.225000000 |
| Next High | 4.215000000 |
| Current Price | 4.288000000 |
| Next Low | 4.097000000 |
| 2nd Low | 3.963000000 |
| 3rd Low | 3.868000000 |
4.215000000 – 4.077000000 – 4.112000000 – 4.097000000 – 3.963000000 – 3.977000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji