DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 4.317000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 3.837000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. this is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.317000000 |
| Current Price | 4.365000000 |
| Next Low | 3.837000000 |
| 2nd Low | 3.817000000 |
| 3rd Low | 3.538000000 |
4.317000000 – 4.234000000 – 4.158000000 – 3.837000000 – 3.817000000 – 3.965000000 — 66.707658623435 – 71.235209797643
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern – –