DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance line at 3.707000000 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 3.560000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 3.6585 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 3.707000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

3.707000000 – 3.757000000 – 3.654000000 – 3.560000000 – 3.587000000 – 3.670000000 — 50.069200230534 – 51.745113284369

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –