DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 4.123000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 3.839000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.346000000 |
| 2nd High | 4.196000000 |
| Next High | 4.123000000 |
| Current Price | 4.076000000 |
| Next Low | 3.839000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.123000000 – 4.099000000 – 3.984000000 – 3.839000000 – 3.800000000 – 3.939000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –