The currency pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 1.352 is expected.
Caution: A possible change in the direction of the support zone at 1.252 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.377 |
| 2nd High | 1.368 |
| Next High | 1.352 |
| Current Price | 1.368000000 |
| Next Low | 1.252 |
| 2nd Low | 1.249 |
| 3rd Low | 1.225 |
1.352 – 1.304 – 1.281 – 1.252 – 1.249 – 1.225 —
1.367000000 – 1.376000000 —
71.794580826866 – 63.48952827603 —
– —
1.352 – 1771030800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – – –