DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 3.433000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 3.271000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 3.45502 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 3.433000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.508000000 |
| 2nd High | 3.465000000 |
| Next High | 3.433000000 |
| Current Price | 3.346000000 |
| Next Low | 3.271000000 |
| 2nd Low | 3.007000000 |
| 3rd Low |
3.433000000 – 3.465000000 – 3.508000000 – 3.271000000 – 3.007000000 – 3.209000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –