DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 3.363000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 3.308000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 –