DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 4.624000000 is considered certain.
Caution: A possible change in the direction of the support level at 4.075000000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.624000000 |
| Current Price | 4.312000000 |
| Next Low | 4.075000000 |
| 2nd Low | 4.065000000 |
| 3rd Low | 3.839000000 |
4.624000000 – 4.277000000 – 4.269000000 – 4.075000000 – 4.065000000 – 4.081000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern