DOT/USDT – 30M – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.

A bullish trend up to the next resistance level at 3.841000000 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 3.786000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 3.887 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 3.841000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.841000000 – 3.817000000 – 3.790000000 – 3.786000000 – 3.692000000 – 3.612000000 — 59.383130245614 – 62.68427200039

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