DOT/USDT – 30M – BUYFurthermore a ‘Double bottom chart pattern’ chart pattern is detected. The chart picture shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 4.587000000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 4.381000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Belt Hold’ chart pattern is detected. The chart shows ‘Bullish Belt Hold’. this 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.624000000 |
| Next High | 4.587000000 |
| Current Price | 4.625000000 |
| Next Low | 4.381000000 |
| 2nd Low | 4.348000000 |
| 3rd Low | 4.165000000 |
4.587000000 – 4.454000000 – 4.335000000 – 4.381000000 – 4.348000000 – 4.165000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern