DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline up.
The bullish trend up to the next resistance level at 1.981 is expected.
Caution: A possible reversal of the trend in the direction of support at 1.843 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
Furthermore a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. 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 | 2 |
| 2nd High | 1.984 |
| Next High | 1.981 |
| Current Price | 1.883000000 |
| Next Low | 1.843 |
| 2nd Low | 1.834 |
| 3rd Low | 1.762 |
1.981 – 1.984 – 2 – 1.843 – 1.897 – 1.905 —
1.879000000 – 1.878000000 —
38.942054519005 – 43.617671594205 —
– —
1.98100 – 1769187600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –