DOT/USDT – 30M – BUYNext a ‘Double top retreat up’ chart formation is found. The formation shows ‘Double top retreat up’. which is a bullish signal. The currency pair is likely to rise.
The pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline up.
An ascent upwards to the next resistance at 4.202000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 3.894000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a positive 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.202000000 |
| Current Price | 4.008000000 |
| Next Low | 3.894000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.202000000 – 4.554000000 – 4.498000000 – 3.894000000 – 4.000000000 – 4.355000000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up –