DOT/USDT – 4H – BUY

The pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline up.

An ascending movement up to the next resistance level at 4.346000000 will persist.

Caution: A possible trend reversal in the direction of support at 3.742000000 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 4.067208 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 4.346000000 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).

4.346000000 – 4.214000000 – 4.682000000 – 3.963000000 – 3.742000000 – 3.952000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji