DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.

The bullish trend up to the next resistance at 4.554000000 is expected.

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

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ going up is 63%.

4.554000000 – 4.498000000 – 4.539000000 – 4.355000000 – 4.279000000 – 4.381000000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – –