DOGE/USDT – 4H – BUYThe currency pair Dogecoin/Tether (DOGE/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 0.16563 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.095 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.
Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish 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 | 0.18884 |
| 2nd High | 0.1864 |
| Next High | 0.16563 |
| Current Price | 0.157670000 |
| Next Low | 0.095 |
| 2nd Low | |
| 3rd Low |
0.16563 – 0.1864 – 0.18332 – 0.14943 – 0.15472 – 0.15159 — 43.338824876663 – 48.232115596742 — 29.272596083651 – 44.391057070014 – 38.93518109473 – 35.247071826845
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – Double bottom chart pattern – –