DOGE/USDT – 30M – BUYThe combination Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 0.241790000 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.231030000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘RSI cross above 30’ indicator layout is existing. The indicator is ‘RSI cross above 30’. this is usually a bullish signal. The pair is likely to go up.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.246760000 |
| 2nd High | 0.243480000 |
| Next High | 0.241790000 |
| Current Price | 0.228730000 |
| Next Low | 0.231030000 |
| 2nd Low | 0.229530000 |
| 3rd Low | 0.229410000 |
0.241790000 – 0.235540000 – 0.243480000 – 0.231030000 – 0.229530000 – 0.229410000 — 29.849638640332 – 31.658625781696
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bullish Engulfing – – –