DOGE/USDT – 30M – BUYThe combination Dogecoin/Tether (DOGE/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.254750000 is expected.
Caution: A possible trend reversal in the direction of support at 0.242280000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Engulfing’ chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.271110000 |
| 2nd High | 0.255740000 |
| Next High | 0.254750000 |
| Current Price | 0.256090000 |
| Next Low | 0.242280000 |
| 2nd Low | 0.238000000 |
| 3rd Low | 0.236780000 |
0.254750000 – 0.253430000 – 0.248680000 – 0.242280000 – 0.238000000 – 0.236780000 — 64.849223794335 – 66.398470164572
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bullish Engulfing – – –