DOT/USDT – 30M – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards

The bullish trend upwards to the next resistance line at 4.077000000 will continue.

Caution: A possible change in the direction of the support line at 3.900000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 4.2085 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 4.077000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.077000000 – 4.136000000 – 4.202000000 – 3.900000000 – 3.863000000 – 3.894000000 — 58.938477422222 – 63.006503774484

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –