DOGE/USDT – 1H – BUYThe combination Dogecoin/Tether (DOGE/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 0.12494 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.12045 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ chart pattern is found. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.12884 |
| 2nd High | 0.12788 |
| Next High | 0.12494 |
| Current Price | 0.122500000 |
| Next Low | 0.12045 |
| 2nd Low | 0.12029 |
| 3rd Low | 0.12 |
0.12494 – 0.12788 – 0.12598 – 0.12045 – 0.12203 – 0.12322 —
0.121530000 – 0.123270000 —
28.110709003019 – 42.698241139873 —
– —
0.12494 – 1769252400
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bullish Engulfing – – –