DOGE/USDT – 30M – BUYThe combination Dogecoin/Tether (DOGE/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.227980000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.188800000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.19905 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.227980000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.248910000 |
| 2nd High | 0.232160000 |
| Next High | 0.227980000 |
| Current Price | 0.200780000 |
| Next Low | 0.188800000 |
| 2nd Low | 0.180220000 |
| 3rd Low | 0.177760000 |
0.199050000 – 0.197550000 – 0.196230000 – 0.188800000 – 0.189650000 – 0.180220000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Northern Doji