DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 4.371000000 is expected.
Caution: A possible reversal of the trend in the direction of support at 4.153000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.371000000 |
| Current Price | 4.379000000 |
| Next Low | 4.153000000 |
| 2nd Low | 4.119000000 |
| 3rd Low | 4.054000000 |
4.281000000 – 4.258000000 – 4.154000000 – 4.153000000 – 4.119000000 – 4.054000000 — 66.228080798355 – 71.040687981601
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –