DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance level at 3.887000000 is expected.

Caution: A possible trend reversal in the direction of support at 3.692000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.887000000 – 3.875000000 – 3.825000000 – 3.692000000 – 3.612000000 – 3.655000000 — 62.200506387345 – 64.789730875316

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern – –