DOGE/USDT – 1H – BUY

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

The bullish trend upwards to the next resistance at 0.192480000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.168000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.19211448 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.192480000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.184460000 – 0.192480000 – 0.198680000 – 0.168000000 – 0.187030000 – 0.191410000

Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Northern Doji