DOGE/USDT – 30M – BUYThe currency pair Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 0.13807 is likely expected.
Caution: A possible change in the direction of the support zone at 0.13632 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Inverted Hammer’ chart pattern is detected. The candles show ‘Inverted Hammer’. which is a positive 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 ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.14509 |
| 2nd High | 0.14003 |
| Next High | 0.13807 |
| Current Price | 0.137470000 |
| Next Low | 0.13632 |
| 2nd Low | 0.1351 |
| 3rd Low | 0.13492 |
0.13807 – 0.14003 – 0.13859 – 0.13632 – 0.13669 – 0.13682 — 50.000161533945 – 53.503651248673 — 63.690771236071 – 65.309981458024 – 70.487251933293 – 67.852006878278
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Inverted Hammer – – –