DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 3.906000000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 3.692000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.021000000 |
| Next High | 3.906000000 |
| Current Price | 3.792000000 |
| Next Low | 3.692000000 |
| 2nd Low | 3.612000000 |
| 3rd Low | 3.538000000 |
3.906000000 – 3.887000000 – 3.875000000 – 3.692000000 – 3.612000000 – 3.655000000 — 38.675379153105 – 40.626204589424
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –