DOT/USDT – 1H – BUY

The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 2.376 is considered certain.

Caution: A possible trend reversal in the direction of support at 2.227 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The pair is likely to go up.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 2.312 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 2.376 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. 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).

2.376 – 2.39 – 2.371 – 2.227 – 2.274 – 2.293 — 52.101198505278 – 59.008852808412 — 58.265671860142 – 70.144832126399 – 67.084137516367 – 62.225391948894

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –