DOGE/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Dogecoin/Tether (DOGE/USDT) goes from the ascending trendline down.
A bearish movement down to the next support at 0.188800000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.206720000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Tweezers Top’ candle pattern is found. The chart forms ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.232160000 |
| 2nd High | 0.227980000 |
| Next High | 0.206720000 |
| Current Price | 0.189550000 |
| Next Low | 0.188800000 |
| 2nd Low | 0.180220000 |
| 3rd Low | 0.177760000 |
0.206720000 – 0.196230000 – 0.186990000 – 0.188800000 – 0.180220000 – 0.180460000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Tweezers Top