DOGE/USDT – 1H – BUYThe currency pair Dogecoin/Tether (DOGE/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 0.227980000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.188800000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.254410000 |
| 2nd High | 0.232160000 |
| Next High | 0.227980000 |
| Current Price | 0.203210000 |
| Next Low | 0.188800000 |
| 2nd Low | 0.180220000 |
| 3rd Low | 0.177760000 |
0.196230000 – 0.186990000 – 0.188700000 – 0.188800000 – 0.180220000 – 0.180460000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Northern Doji