DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 4.181000000 is considered certain.
Caution: A possible change in the direction of support at 3.965000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘RSI cross above 70’ indicator signal is existing. The indicator shows ‘RSI cross above 70’. this is usually a bullish signal. The currency pair is likely to rise.
Next a ‘Bullish Engulfing’ chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.309000000 |
| Next High | 4.181000000 |
| Current Price | 4.087000000 |
| Next Low | 3.965000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.181000000 – 3.696000000 – 3.757000000 – 3.965000000 – 3.538000000 – 3.427000000 — 48.308531317653 – 56.593791930039
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – – –