DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 3.757000000 is certain.
Caution: A possible counter-trend in the direction of support at 3.538000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Next a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 3.757000000 |
| Current Price | 3.683000000 |
| Next Low | 3.538000000 |
| 2nd Low | 3.427000000 |
| 3rd Low | 3.323000000 |
3.757000000 – 3.666000000 – 3.921000000 – 3.538000000 – 3.427000000 – 3.446000000 — 58.601145475508 – 59.446165759552
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern – –