DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 4.281000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 4.153000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.283000000 |
| Next High | 4.281000000 |
| Current Price | 4.450000000 |
| Next Low | 4.153000000 |
| 2nd Low | 4.119000000 |
| 3rd Low | 4.054000000 |
4.281000000 – 4.258000000 – 4.154000000 – 4.153000000 – 4.119000000 – 4.054000000 — 74.861740804108 – 77.782147356219
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –