DOGE/USDT – 1H – BUY

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

An ascending movement upwards to the next resistance at 0.10936 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 0.10715 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 0.11055 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 0.10936 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Up’ candlestick pattern is existing. 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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.10936 – 0.11055 – 0.10985 – 0.10715 – 0.10714 – 0.10541 —
0.107970000 – 0.108240000 —
44.464618759583 – 42.71030460577 —
– —
0.10936 – 1777737600

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