DOGE/USDT – 4H – BUY

The pair Dogecoin/Tether (DOGE/USDT) goes from the descending trendline up.

An ascending movement upwards to the next resistance line at 0.10434 is expected.

Caution: A possible trend reversal in the direction of support at 0.08847 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.09166258 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.10434 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bullish Engulfing’ chart pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

0.10434 – 0.10618 – 0.10244 – 0.08847 – 0.08771 – 0.08996 —
0.090660000 – 0.089700000 —
40.114217911957 – 40.130232156234 —
– —
0.10434 – 1772640000

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bullish Engulfing – – –