DOGE/USDT – 4H – BUY

The combination Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 0.223510000 is certain.

Caution: A possible counter-trend in the direction of the support line at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. 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. Current target is 0.22486 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.223510000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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).

0.223510000 – 0.221340000 – 0.225970000 – 0.204760000 – 0.209770000 – 0.205850000 — 54.608395725708 – 56.563009211927

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – – –