DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 2.249 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 2.112 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.
Besides a ‘Northern Doji’ candle pattern is discovered. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.393 |
| 2nd High | 2.263 |
| Next High | 2.249 |
| Current Price | 2.145000000 |
| Next Low | 2.112 |
| 2nd Low | 2.096 |
| 3rd Low | 1.968 |
2.249 – 2.263 – 2.18 – 2.112 – 2.096 – 1.968 — 39.226627077657 – 43.199989625566 — 3.2228659806966 – 14.823757791869 – 7.3639535976748 – 8.1001209756294
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern – –