DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 3.908000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 3.697000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency 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 | 4.371000000 |
| 2nd High | 4.193000000 |
| Next High | 3.908000000 |
| Current Price | 3.809000000 |
| Next Low | 3.697000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
3.908000000 – 4.193000000 – 3.997000000 – 3.697000000 – 3.830000000 – 3.923000000 — 48.971063295148 – 52.034143198631
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –