DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 4.682000000 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 3.963000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Mat Hold’ chart pattern is detected. The chart forms ‘Mat Hold’. 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 probability of ‘Mat Hold’ going up is 78% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.273000000 |
| 2nd High | 5.120000000 |
| Next High | 4.682000000 |
| Current Price | 4.295000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.112000000 – 4.058000000 – 3.992000000 – 3.963000000 – 3.977000000 – 3.868000000