DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance line at 2.39 is considered certain.
Caution: A possible trend reversal in the direction of the support line at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 2.361324 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 2.39 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.435 |
| 2nd High | 2.397 |
| Next High | 2.39 |
| Current Price | 2.371000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.39 – 2.353 – 2.371 – 2.293 – 2.308 – 2.315 — 59.107104011281 – 64.954179267662 — 95.26050993434 – 95.26050993434 – 86.559271016613 – 91.996867417735
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –