DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 3.928000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 3.688000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.928000000 |
| Current Price | 3.924000000 |
| Next Low | 3.688000000 |
| 2nd Low | 3.644000000 |
| 3rd Low | 3.570000000 |
3.928000000 – 3.806000000 – 3.696000000 – 3.688000000 – 3.644000000 – 3.570000000 — 63.33274376593 – 65.43507042841
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –