DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 4.309000000 will persist.
Caution: A possible change in the direction of the support zone at 3.863000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.309000000 |
| Current Price | 4.073000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.309000000 – 4.206000000 – 4.131000000 – 3.863000000 – 3.894000000 – 4.279000000 — 48.088344826334 – 51.094677964881
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –