DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline up.
The bullish trend upwards to the next resistance at 4.021000000 is certain.
Caution: A possible change in the direction of the support level at 3.689000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bullish Engulfing’ chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.283000000 |
| Next High | 4.021000000 |
| Current Price | 3.764000000 |
| Next Low | 3.689000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.021000000 – 3.934000000 – 4.283000000 – 3.874000000 – 3.807000000 – 3.836000000 — 32.514424388692 – 38.391563484953
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – – –