The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance at 1.383 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.385 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.383 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.439 |
| 2nd High | 1.391 |
| Next High | 1.383 |
| Current Price | 1.364000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.383 – 1.391 – 1.371 – 1.358 – 1.332 – 1.331 —
1.378000000 – 1.363000000 —
55.969382166768 – 36.317994772562 —
– —
1.383 – 1771279200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Double top retreat up – –