DOT/USDT – 1H – BUYIn addition a ‘Double top retreat up’ chart layout is detected. The chart picture forms ‘Double top retreat up’. this is a bullish chart scenario. The currency pair is likely to rise.
The currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline upwards
A bullish movement up to the next resistance at 2.867 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 2.527 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The 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 | 2.949 |
| 2nd High | 2.899 |
| Next High | 2.867 |
| Current Price | 2.737000000 |
| Next Low | 2.527 |
| 2nd Low | 2.343 |
| 3rd Low | 0.633 |
2.867 – 2.899 – 2.949 – 2.695 – 2.784 – 2.774 — 39.81134245326 – 49.429405112194 — 37.24230934738 – 61.142519490263 – 27.499694039483 – 41.504241618103
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –