The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline up.
The bullish trend upwards to the next resistance level at 3.692000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 3.568000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘RSI cross above 30’ indicator layout is existing. The indicator is ‘RSI cross above 30’. which is often a bullish chart scenario. The pair is likely to go up.
Also there is a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.084000000 |
| 2nd High | 3.921000000 |
| Next High | 3.692000000 |
| Current Price | 3.547000000 |
| Next Low | 3.568000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
3.692000000 – 3.921000000 – 3.858000000 – 3.568000000 – 3.745000000 – 3.626000000 — 42.432775230358 – 42.731555691279
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –