DOGE/USDT – 30M – BUYThe currency pair Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 0.143500000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.13321 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.146465 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.143500000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.15972 |
| 2nd High | 0.15317 |
| Next High | 0.143500000 |
| Current Price | 0.140970000 |
| Next Low | 0.13321 |
| 2nd Low | 0.095 |
| 3rd Low |
0.143500000 – 0.15317 – 0.15972 – 0.13321 – 0.14623 – 0.14712 — 49.66211488234 – 49.934847761863 — 46.796281029587 – 66.025464871302 – 45.382583737901 – 50.63585844707
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – – –