DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 1.924 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.843 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Then a ‘Three Outside Up’ candle chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.981 |
| 2nd High | 1.941 |
| Next High | 1.924 |
| Current Price | 1.880000000 |
| Next Low | 1.843 |
| 2nd Low | 1.834 |
| 3rd Low | 1.765 |
1.924 – 1.941 – 1.981 – 1.843 – 1.899 – 1.903 —
1.879000000 – 1.865000000 —
37.329160259837 – 40.074501835132 —
– —
1.92400 – 1769279400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –