The currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline up.
A continuation of the uptrend up to the next resistance at 0.975 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.945 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.975 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.975 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ chart pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.996 |
| 2nd High | 0.978 |
| Next High | 0.975 |
| Current Price | 0.964000000 |
| Next Low | 0.945 |
| 2nd Low | 0.935 |
| 3rd Low | 0.903 |
0.975 – 0.96 – 0.96 – 0.945 – 0.935 – 0.903 —
0.958000000 – 0.959000000 —
49.961463260464 – 56.369986160655 —
– —
0.975 – 1781200800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –