DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 2.28 is expected.
Caution: A possible trend reversal in the direction of the support line at 2.176 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.39 |
| 2nd High | 2.365 |
| Next High | 2.28 |
| Current Price | 2.256000000 |
| Next Low | 2.176 |
| 2nd Low | 0.633 |
| 3rd Low |
2.28 – 2.365 – 2.39 – 2.274 – 2.293 – 2.308 — 40.367906969655 – 47.550332366789 — 44.693346249319 – 58.05331880285 – 39.838415639106 – 48.649539531661
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple top chart pattern – –