DOT/USDT – 1H – BUY

The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards

A bullish ascent up to the next resistance line at 4.158000000 will continue.

Caution: A possible counter-trend in the direction of the support zone at 3.837000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘RSI cross above 70’ indicator layout is detected. The indicator shows ‘RSI cross above 70’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘StochRSI fall below 80’ indicator layout is detected. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

4.158000000 – 4.181000000 – 3.696000000 – 3.837000000 – 3.817000000 – 3.965000000 — 64.900145159663 – 66.33850962063

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