DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 4.193000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 3.830000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Moreover a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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 | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 3.843000000 |
| Next Low | 3.830000000 |
| 2nd Low | 3.812000000 |
| 3rd Low | 3.538000000 |
4.193000000 – 3.997000000 – 4.103000000 – 3.830000000 – 3.923000000 – 3.812000000 — 38.876743247967 – 39.693214461068
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –