DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline upwards
A bullish movement upwards to the next resistance level at 3.921000000 is certain.
Caution: A possible change in the direction of support at 3.446000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Hammer’ candlestick pattern is discovered. The candles form ‘Hammer’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.525000000 |
| Next Low | 3.446000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
3.921000000 – 4.084000000 – 4.309000000 – 3.446000000 – 3.626000000 – 3.820000000 — 43.892688185339 – 46.770489761553
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Hammer – –