DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.

A bullish trend upwards to the next resistance level at 3.984000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 3.800000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 3.996 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 3.984000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

3.984000000 – 4.196000000 – 4.067000000 – 3.800000000 – 3.939000000 – 3.796000000

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