DOT/USDT – 30M – BUY

The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline upwards

An ascending movement upwards to the next resistance level at 2.153 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 2.033 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘%K cross above 20’ indicator layout is found. The indicator shows ‘%K cross above 20’. which could be a positive signal. The currency pair could go up.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Current target is 2.05868 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 2.153 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

2.153 – 2.12 – 2.13 – 2.033 – 2.034 – 2.084 — 33.705993562558 – 46.433624550304 — 0 – 33.333333333333 – 5.3973651294892 – 12.766661936521

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double top retreat up – –