Then a ‘Double bottom chart pattern’ chart pattern is discovered. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline up.
A continuation of the uptrend up to the next resistance at 3.441000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 3.393000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Then a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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 | 3.441000000 |
Current Price | 3.442000000 |
Next Low | 3.393000000 |
2nd Low | 3.274000000 |
3rd Low | 3.271000000 |
3.441000000 – 3.356000000 – 3.433000000 – 3.393000000 – 3.274000000 – 3.271000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern