DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 3.825000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 3.712000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Latter Bottom’ chart pattern is found. The chart shows ‘Latter Bottom’. 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 likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.005000000 |
| 2nd High | 3.914000000 |
| Next High | 3.825000000 |
| Current Price | 3.797000000 |
| Next Low | 3.712000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.688000000 |
3.825000000 – 3.914000000 – 4.005000000 – 3.712000000 – 3.750000000 – 3.874000000 — 46.567593311563 – 51.216682970407
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Latter Bottom – – –