DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 3.390000000 is expected.
Caution: A possible counter-trend in the direction of support at 3.313000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.567000000 |
| 2nd High | 3.395000000 |
| Next High | 3.390000000 |
| Current Price | 3.352000000 |
| Next Low | 3.313000000 |
| 2nd Low | 3.274000000 |
| 3rd Low | 3.271000000 |
3.390000000 – 3.395000000 – 3.567000000 – 3.313000000 – 3.499000000 – 3.366000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –