DOT/USDT – 1H – BUY

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

An ascent up to the next resistance level at 1.288 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 1.233 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.2635 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.288 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

1.288 – 1.287 – 1.276 – 1.233 – 1.221 – 1.247 —
1.256000000 – 1.244000000 —
43.065150906414 – 41.337902927866 —
– —
1.288 – 1774868400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –