DOGE/USDT – 30M – BUYThe pair Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 0.165130000 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.163160000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Then a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.172040000 |
| 2nd High | 0.168090000 |
| Next High | 0.165130000 |
| Current Price | 0.164470000 |
| Next Low | 0.163160000 |
| 2nd Low | 0.162590000 |
| 3rd Low | 0.161300000 |
0.165130000 – 0.165000000 – 0.163430000 – 0.163160000 – 0.162590000 – 0.161300000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Northern Doji – Double bottom chart pattern