DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance at 3.923000000 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 3.755000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.146000000 |
| Next High | 3.923000000 |
| Current Price | 3.875000000 |
| Next Low | 3.755000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.688000000 |
3.923000000 – 3.856000000 – 3.815000000 – 3.755000000 – 3.689000000 – 3.853000000 — 54.216730751609 – 54.525259545792
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top chart pattern – –