DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance line at 4.196000000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 3.800000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Belt Hold’ chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 4.196000000 |
| Current Price | 4.083000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.796000000 |
| 3rd Low | 3.323000000 |
4.196000000 – 4.067000000 – 4.110000000 – 3.800000000 – 3.939000000 – 3.796000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Bullish Belt Hold –