DOT/USDT – 1H – BUYAlso there is a ‘Double bottom chart pattern’ chart formation is detected. The chart picture shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 3.885000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 3.782000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.906000000 |
| 2nd High | 3.894000000 |
| Next High | 3.885000000 |
| Current Price | 3.962000000 |
| Next Low | 3.782000000 |
| 2nd Low | 3.725000000 |
| 3rd Low | 3.692000000 |
3.885000000 – 3.894000000 – 3.906000000 – 3.782000000 – 3.725000000 – 3.692000000 — 61.571948691419 – 78.280002249765
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern – –