DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 4.146000000 is certain.
Caution: A possible change in the direction of the support level at 3.690000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.283000000 |
| Next High | 4.146000000 |
| Current Price | 3.791000000 |
| Next Low | 3.690000000 |
| 2nd Low | 3.688000000 |
| 3rd Low | 3.644000000 |
4.146000000 – 4.283000000 – 4.265000000 – 3.853000000 – 4.013000000 – 4.120000000 — 39.924239049764 – 46.282922264525
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –