DOT/USDT – 30M – BUY

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

A bullish movement up to the next resistance line at 4.154000000 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 4.030000000 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 4.182 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 4.154000000 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).

4.154000000 – 4.182000000 – 4.100000000 – 4.030000000 – 4.004000000 – 4.003000000 — 65.957072550993 – 66.710152082684

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