DOGE/USDT – 30M – BUYThe pair Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance at 0.238210000 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.219920000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The currency 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 | 0.255740000 |
| 2nd High | 0.242590000 |
| Next High | 0.238210000 |
| Current Price | 0.224130000 |
| Next Low | 0.219920000 |
| 2nd Low | 0.215780000 |
| 3rd Low | 0.210140000 |
0.238210000 – 0.242590000 – 0.236050000 – 0.219920000 – 0.230640000 – 0.232190000 — 50.626967669719 – 51.757000687459
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bullish Engulfing – – –