DOGE/USDT – 1H – BUYThe combination Dogecoin/Tether (DOGE/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.306840000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.272700000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.306840000 |
| Current Price | 0.280140000 |
| Next Low | 0.272700000 |
| 2nd Low | 0.257880000 |
| 3rd Low | 0.242280000 |
0.306840000 – 0.264630000 – 0.249520000 – 0.272700000 – 0.281040000 – 0.257880000 — 42.663885357402 – 47.22477014385
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bullish Belt Hold – – –