DOT/USDT – 4H – BUYThe pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline upwards
The bullish trend up to the next resistance at 3.991000000 is 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 pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. 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