The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
An ascent up to the next resistance level at 1.315 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.205 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.361 |
| 2nd High | 1.328 |
| Next High | 1.315 |
| Current Price | 1.244000000 |
| Next Low | 1.205 |
| 2nd Low | 1.101 |
| 3rd Low | 0.633 |
1.315 – 1.328 – 1.361 – 1.265 – 1.282 – 1.235 —
1.229000000 – 1.230000000 —
24.980894421207 – 34.66932282557 —
– —
1.315 – 1775934000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –