DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 4.131000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 3.900000000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. The 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 | 4.100000000 |
| Next Low | 3.900000000 |
| 2nd Low | 3.863000000 |
| 3rd Low | 3.839000000 |
4.131000000 – 4.077000000 – 4.136000000 – 3.900000000 – 3.863000000 – 3.894000000 — 55.242835862588 – 55.894419021796
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern –