Then a ‘Double bottom chart pattern’ chart formation is detected. The chart picture shows ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.
The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 3.696000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 3.644000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘RSI cross above 70’ indicator layout is existing. The indicator is ‘RSI cross above 70’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘Bullish Belt Hold’ chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.757000000 |
| 2nd High | 3.707000000 |
| Next High | 3.696000000 |
| Current Price | 3.737000000 |
| Next Low | 3.644000000 |
| 2nd Low | 3.570000000 |
| 3rd Low | 3.553000000 |
3.696000000 – 3.696000000 – 3.647000000 – 3.644000000 – 3.570000000 – 3.553000000 — 55.16156911259 – 69.394949246479
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –