DOT/USDT – 30M – BUY

The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance at 3.627000000 will continue.

Caution: A possible counter-trend in the direction of support at 3.538000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

In addition a ‘StochRSI cross above 20’ indicator layout is detected. The indicator is ‘StochRSI cross above 20’. which is often a bullish chart signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 3.6475 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 3.627000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.627000000 – 3.707000000 – 3.757000000 – 3.538000000 – 3.560000000 – 3.587000000 — 54.089296157202 – 55.189944466741

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –