DOGE/USDT – 30M – BUYThe pair Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 0.236050000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.228350000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ candle pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.255740000 |
| 2nd High | 0.236220000 |
| Next High | 0.236050000 |
| Current Price | 0.234590000 |
| Next Low | 0.228350000 |
| 2nd Low | 0.226720000 |
| 3rd Low | 0.220060000 |
0.236050000 – 0.234970000 – 0.236220000 – 0.228350000 – 0.226720000 – 0.220060000 — 53.321373352838 – 56.208029219897
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bullish Engulfing – – –