DOGE/USDT – 30M – BUYThe pair Dogecoin/Tether (DOGE/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 0.197550000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.19755 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.197550000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.227980000 |
| 2nd High | 0.198680000 |
| Next High | 0.197550000 |
| Current Price | 0.195590000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.197550000 – 0.196230000 – 0.187410000 – 0.189650000 – 0.180220000 – 0.180460000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Northern Doji