DOGE/USDT – 1H – BUYThe pair Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.168090000 is expected.
Caution: A possible change in the direction of the support level at 0.157920000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.16702598 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 0.168090000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.172220000 |
| 2nd High | 0.172040000 |
| Next High | 0.168090000 |
| Current Price | 0.162340000 |
| Next Low | 0.157920000 |
| 2nd Low | 0.148610000 |
| 3rd Low | 0.142700000 |
0.168090000 – 0.167700000 – 0.167670000 – 0.157920000 – 0.162530000 – 0.161670000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Northern Doji –