DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 1.222 will continue.
Caution: A possible trend reversal in the direction of the support line at 1.197 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Inverted Hammer’ candle pattern is existing. The candles form ‘Inverted Hammer’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.259 |
| 2nd High | 1.226 |
| Next High | 1.222 |
| Current Price | 1.206000000 |
| Next Low | 1.197 |
| 2nd Low | 1.179 |
| 3rd Low | 1.171 |
1.222 – 1.226 – 1.259 – 1.205 – 1.197 – 1.179 —
1.209000000 – 1.209000000 —
43.85705256253 – 45.020811521412 —
– —
1.222 – 1777550400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Inverted Hammer – – –