And also a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The pair is likely to go up.
The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 3.595000000 is expected.
Caution: A possible trend reversal in the direction of the support line at 3.496000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3.61282 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 3.595000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. 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).
Support & Resistance | Price Range* |
---|---|
3rd High | 3.786000000 |
2nd High | 3.675000000 |
Next High | 3.595000000 |
Current Price | 3.540000000 |
Next Low | 3.496000000 |
2nd Low | 3.389000000 |
3rd Low | 3.339000000 |
3.595000000 – 3.675000000 – 3.786000000 – 3.496000000 – 3.554000000 – 3.572000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji