DOT/USDT – 4H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 4.624000000 will persist.
Caution: A possible trend reversal in the direction of the support zone at 3.800000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive 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’ heading 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 | 4.500000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
4.624000000 – 4.196000000 – 4.110000000 – 3.800000000 – 3.323000000 – 3.308000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern