The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 1.444 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.392 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.55 |
| 2nd High | 1.549 |
| Next High | 1.444 |
| Current Price | 1.423000000 |
| Next Low | 1.392 |
| 2nd Low | 1.235 |
| 3rd Low | 1.225 |
1.444 – 1.432 – 1.444 – 1.392 – 1.428 – 1.493 —
1.438000000 – 1.417000000 —
48.112052854327 – 37.746712322137 —
– —
1.444 – 1773577800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –