DOT/USDT – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 4.624000000 is considered certain.

Caution: A possible change in the direction of the support level at 4.165000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 4.492076 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 4.624000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to go up. 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).

4.624000000 – 4.277000000 – 4.269000000 – 4.165000000 – 4.133000000 – 4.075000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Bullish Belt Hold – Head and Shoulder chart pattern