DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 3.997000000 is expected.
Caution: A possible trend reversal in the direction of support at 3.890000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.103000000 |
| Next High | 3.997000000 |
| Current Price | 3.954000000 |
| Next Low | 3.890000000 |
| 2nd Low | 3.812000000 |
| 3rd Low | 3.688000000 |
3.997000000 – 3.966000000 – 3.955000000 – 3.890000000 – 3.812000000 – 3.903000000 — 49.088699171554 – 51.950113888109
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –