DOT/USDT – 1H – BUY

The currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance at 4.281000000 is expected.

Caution: A possible reversal of the trend in the direction of the support line at 4.119000000 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The 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).

4.281000000 – 4.258000000 – 4.154000000 – 4.119000000 – 4.054000000 – 4.030000000 — 46.125244277391 – 52.090765238443

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –