DOGE/USDT – 1H – BUYAdditionally a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The pair Dogecoin/Tether (DOGE/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.196230000 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.188800000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.227980000 |
| 2nd High | 0.198680000 |
| Next High | 0.196230000 |
| Current Price | 0.198410000 |
| Next Low | 0.188800000 |
| 2nd Low | 0.180220000 |
| 3rd Low | 0.177760000 |
0.196230000 – 0.186990000 – 0.188700000 – 0.188800000 – 0.180220000 – 0.180460000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Bullish Engulfing