DOT/USDT – 30M – BUY

The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards

A bullish ascent up to the next resistance level at 3.934000000 will persist.

Caution: A possible counter-trend in the direction of the support level at 3.836000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 3.87618 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 3.934000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candle pattern is found. The chart shows ‘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).

3.934000000 – 3.925000000 – 3.923000000 – 3.836000000 – 3.848000000 – 3.755000000 — 39.842485661435 – 44.407266328036

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –