DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascent up to the next resistance line at 3.390000000 is expected.
Caution: A possible change in the direction of the support line at 3.313000000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going 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 | 3.360000000 |
| 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 –