DOT/USDT – 30M – BUYMoreover a ‘Double bottom chart pattern’ chart formation is existing. The chart forms ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance level at 4.587000000 is certain.
Caution: A possible trend reversal in the direction of the support zone at 4.381000000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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