DOGE/USDT – 1H – BUYThe pair Dogecoin/Tether (DOGE/USDT) goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.196230000 is expected.
Caution: A possible change in the direction of the support level at 0.180220000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.19623 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.196230000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.227980000 |
| 2nd High | 0.198680000 |
| Next High | 0.196230000 |
| Current Price | 0.194620000 |
| Next Low | 0.180220000 |
| 2nd Low | 0.177760000 |
| 3rd Low | 0.168000000 |
0.196230000 – 0.186990000 – 0.188700000 – 0.180220000 – 0.180460000 – 0.181850000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Northern Doji