DOT/USDT – 4H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 4.624000000 is considered certain.
Caution: A possible change in the direction of the support zone at 3.800000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 | 4.451000000 |
| 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 – Double bottom retreat down