DOGE/USDT – 1H – BUYThe combination Dogecoin/Tether (DOGE/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance at 0.1651 will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.14943 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.1618068 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.1651 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.16628 |
| 2nd High | 0.16563 |
| Next High | 0.1651 |
| Current Price | 0.160960000 |
| Next Low | 0.14943 |
| 2nd Low | 0.095 |
| 3rd Low |
0.1651 – 0.16563 – 0.16482 – 0.14943 – 0.1536 – 0.15998 — 60.060826760191 – 64.715726303924 — 88.456865127582 – 94.77035236938 – 88.928617696937 – 90.356769896132
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – – –