DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance at 3.936000000 will continue.

Caution: A possible counter-trend in the direction of the support level at 3.817000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI fall below 80’ indicator signal is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 3.9875 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 3.936000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

3.936000000 – 4.021000000 – 4.158000000 – 3.817000000 – 3.883000000 – 4.011000000 — 51.996756618751 – 53.335378872045

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –