DOGE/USDT – 1H – BUYThe currency pair Dogecoin/Tether (DOGE/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.306840000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.281040000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.306840000 |
| Current Price | 0.281630000 |
| Next Low | 0.281040000 |
| 2nd Low | 0.257880000 |
| 3rd Low | 0.242280000 |
0.306840000 – 0.264630000 – 0.249520000 – 0.281040000 – 0.257880000 – 0.242280000 — 35.653539632568 – 45.502910166271
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – – –