The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 0.899 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.804 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.979 |
| 2nd High | 0.92 |
| Next High | 0.899 |
| Current Price | 0.859000000 |
| Next Low | 0.804 |
| 2nd Low | 0.633 |
| 3rd Low |
0.899 – 0.92 – 0.979 – 0.804 – 0.842 – 0.883 —
0.846000000 – 0.858000000 —
40.480804145987 – 51.741525361903 —
– —
0.899 – 1782363600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –