DOGE/USDT – 30M – BUY

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

A bullish trend upwards to the next resistance line at 0.223840000 is certain.

Caution: A possible trend reversal in the direction of the support level at 0.200880000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI cross above 30’ indicator layout is discovered. The indicator shows ‘RSI cross above 30’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.21682 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.223840000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle pattern is discovered. 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).

0.223840000 – 0.224510000 – 0.226550000 – 0.200880000 – 0.209000000 – 0.214300000 — 47.713947270784 – 48.249569321762

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – Double top retreat up –