Also there is a ‘Double bottom chart pattern’ chart formation is found. The chart picture shows ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 4.131000000 will persist.
Caution: A possible change in the direction of the support zone at 4.084000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘RSI cross above 70’ indicator signal is detected. The indicator is ‘RSI cross above 70’. which is often a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.202000000 |
| 2nd High | 4.136000000 |
| Next High | 4.131000000 |
| Current Price | 4.171000000 |
| Next Low | 4.084000000 |
| 2nd Low | 3.900000000 |
| 3rd Low | 3.863000000 |
4.131000000 – 4.077000000 – 4.136000000 – 4.084000000 – 3.900000000 – 3.863000000 — 56.99768512069 – 70.118091972775
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern –