DOGE/USDT – 1H – BUYThe currency pair Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 0.192480000 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.177760000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick pattern is discovered. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.227980000 |
| 2nd High | 0.198680000 |
| Next High | 0.192480000 |
| Current Price | 0.187590000 |
| Next Low | 0.177760000 |
| 2nd Low | 0.168000000 |
| 3rd Low | 0.164260000 |
0.184460000 – 0.192480000 – 0.198680000 – 0.177760000 – 0.168000000 – 0.187030000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Northern Doji