The pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.242 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.171 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.315 |
| 2nd High | 1.248 |
| Next High | 1.242 |
| Current Price | 1.222000000 |
| Next Low | 1.171 |
| 2nd Low | 1.147 |
| 3rd Low | 1.101 |
1.198 – 1.176 – 1.198 – 1.171 – 1.147 – 1.147 —
1.181000000 – 1.213000000 —
50.2089003331 – 68.552880973604 —
– —
1.198 – 1776281400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –