The currency pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 4.554000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 4.115000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘RSI cross above 70’ indicator layout is found. The indicator shows ‘RSI cross above 70’. which could be a positive chart scenario. The pair is likely to go up.
In addition a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.554000000 |
| Current Price | 4.272000000 |
| Next Low | 4.115000000 |
| 2nd Low | 4.113000000 |
| 3rd Low | 4.084000000 |
4.218000000 – 4.206000000 – 4.195000000 – 4.115000000 – 4.113000000 – 4.084000000 — 60.13615968985 – 62.882814690556
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –