DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 4.682000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 3.963000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 4.333000000 |
| 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