DOGE/USDT – 30M – BUY

The combination Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline up.

The bullish trend upwards to the next resistance level at 0.09133 is likely expected.

Caution: A possible change in the direction of the support line at 0.08666 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.09233 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.09133 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Up’ candle pattern is found. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.09133 – 0.09213 – 0.09441 – 0.08666 – 0.0879 – 0.08875 —
0.089660000 – 0.089630000 —
52.937722654195 – 47.596379634739 —
– —
0.09133 – 1772964000

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Up – – –