DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 3.363000000 will continue.
Caution: A possible counter-trend in the direction of the support level at 3.308000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. 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 | 3.395000000 |
| 2nd High | 3.390000000 |
| Next High | 3.363000000 |
| Current Price | 3.346000000 |
| Next Low | 3.308000000 |
| 2nd Low | 3.274000000 |
| 3rd Low | 3.271000000 |
3.363000000 – 3.390000000 – 3.395000000 – 3.308000000 – 3.313000000 – 3.499000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –