DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 4.587000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 4.381000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. 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 | 4.682000000 |
| 2nd High | 4.624000000 |
| Next High | 4.587000000 |
| Current Price | 4.584000000 |
| Next Low | 4.381000000 |
| 2nd Low | 4.165000000 |
| 3rd Low | 4.133000000 |
4.587000000 – 4.454000000 – 4.624000000 – 4.381000000 – 4.165000000 – 4.133000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down