DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 4.682000000 will continue.
Caution: A possible reversal of the trend in the direction of support at 3.963000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.273000000 |
| 2nd High | 5.120000000 |
| Next High | 4.682000000 |
| Current Price | 4.294000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.112000000 – 4.058000000 – 3.992000000 – 3.963000000 – 3.977000000 – 3.868000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji