DOGE/USDT – 1H – BUY

The currency pair Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline upwards

A bullish trend upwards to the next resistance at 0.270140000 is certain.

Caution: A possible change in the direction of the support level at 0.258620000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.26835744 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 0.270140000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Latter Bottom’ candlestick pattern is detected. The chart forms ‘Latter Bottom’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).

0.270140000 – 0.306840000 – 0.264630000 – 0.258620000 – 0.272700000 – 0.281040000 — 39.114917203121 – 48.992747849568

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Latter Bottom – Double bottom chart pattern – –