DOT/USDT – 30M – BUY

The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance line at 4.673000000 is expected.

Caution: A possible change in the direction of the support level at 4.381000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The pair is likely to go up.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 4.54556 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 4.673000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

4.673000000 – 4.587000000 – 4.454000000 – 4.381000000 – 4.348000000 – 4.165000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern