And also a ‘Double bottom chart pattern’ chart formation is found. The chart picture shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.15203 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.15554 could occur.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.15972 |
| 2nd High | 0.15681 |
| Next High | 0.15554 |
| Current Price | 0.150340000 |
| Next Low | 0.14725 |
| 2nd Low | 0.14585 |
| 3rd Low | 0.14279 |
0.15005 – 0.15554 – 0.1548 – 0.14725 – 0.14897 – 0.14961 — 56.697540008034 – 65.100118905554 — 52.591488664651 – 83.648012700573 – 33.368756121611 – 55.666817055258
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – Double bottom chart pattern – –