DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 4.317000000 will persist.
Caution: A possible counter-trend in the direction of the support zone at 4.170000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Additionally a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.317000000 |
| Current Price | 4.263000000 |
| Next Low | 4.170000000 |
| 2nd Low | 4.097000000 |
| 3rd Low | 3.837000000 |
4.317000000 – 4.234000000 – 3.936000000 – 4.170000000 – 4.097000000 – 3.837000000 — 54.122788863557 – 57.087367914958
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – – –