DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.

An ascent up to the next resistance line at 1.576 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.452 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

1.576 – 1.536 – 1.56 – 1.509 – 1.452 – 1.399 —
1.531000000 – 1.525000000 —
47.206468199297 – 47.411433754493 —
– —
1.576 – 1770044400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – Rising Wedge Chart Pattern – –