DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 2.397 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 2.176 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The pair is likely to go up.
Next a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.867 |
| 2nd High | 2.82 |
| Next High | 2.397 |
| Current Price | 2.300000000 |
| Next Low | 2.176 |
| 2nd Low | 0.633 |
| 3rd Low |
2.397 – 2.339 – 2.37 – 2.176 – 2.257 – 2.252 — 52.811367590458 – 55.292812639566 — 68.407925944211 – 80.239244549185 – 73.111539494619 – 72.347880702552
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern – –