DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 4.309000000 is expected.
Caution: A possible trend reversal in the direction of the support line at 4.097000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 4.309 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 4.309000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.598000000 |
| Next High | 4.309000000 |
| Current Price | 4.289000000 |
| Next Low | 4.097000000 |
| 2nd Low | 3.963000000 |
| 3rd Low | 3.868000000 |
4.309000000 – 4.215000000 – 4.077000000 – 4.097000000 – 3.963000000 – 3.977000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji