DOT/USDT – 4H – BUYThe currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline up.
A bullish movement upwards to the next resistance at 3.991000000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. 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 | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 3.991000000 |
| Current Price | 3.174000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.991000000 – 4.346000000 – 4.214000000 – 3.709000000 – 3.963000000 – 3.742000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji