DOGE/USDT – 1H – BUYThe combination Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 0.219880000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.204760000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.215075 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.219880000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The 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 | 0.225390000 |
| 2nd High | 0.221340000 |
| Next High | 0.219880000 |
| Current Price | 0.212910000 |
| Next Low | 0.204760000 |
| 2nd Low | 0.195600000 |
| 3rd Low | 0.188450000 |
0.219880000 – 0.221340000 – 0.218850000 – 0.204760000 – 0.208200000 – 0.212830000 — 50.871616426037 – 51.025308178024
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – – –