DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline up.
A continuation of the uptrend up to the next resistance at 2.249 is likely expected.
Caution: A possible trend reversal in the direction of support at 2.127 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.
And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
And also a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.393 |
| 2nd High | 2.263 |
| Next High | 2.249 |
| Current Price | 2.154000000 |
| Next Low | 2.127 |
| 2nd Low | 2.112 |
| 3rd Low | 2.096 |
2.249 – 2.242 – 2.263 – 2.127 – 2.112 – 2.179 — 42.140534409548 – 49.429883665718 — 50.542846980123 – 69.632675473925 – 52.244616463689 – 58.386463560983
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – – –