DOT/USDT – 30M – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards

A continuation of the upward movement up to the next resistance level at 4.105000000 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 3.332000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 4.016 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 4.105000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. 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).

4.016000000 – 3.427000000 – 3.448000000 – 3.332000000 – 3.323000000 – 3.365000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –