The combination Dogecoin/Tether (DOGE/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 0.07529 is expected.
Caution: A possible change in the direction of the support level at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.0760722 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.07529 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Outside Up’ candlestick pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0775 |
| 2nd High | 0.07532 |
| Next High | 0.07529 |
| Current Price | 0.074990000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.07529 – 0.07532 – 0.0775 – 0.07212 – 0.07145 – 0.07581 —
0.074020000 – 0.074720000 —
40.825715623715 – 48.08383726398 —
– —
0.07529 – 1782459000
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Up – – –