DOGE/USDT – 30M – SELLFurthermore a ‘Double bottom retreat down’ chart layout is existing. The chart shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline down.
The bearish trend down to the next support at 0.194980000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.206720000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.232160000 |
| 2nd High | 0.227980000 |
| Next High | 0.206720000 |
| Current Price | 0.197810000 |
| Next Low | 0.194980000 |
| 2nd Low | 0.165690000 |
| 3rd Low | 0.161900000 |
0.201390000 – 0.177190000 – 0.172960000 – 0.194980000 – 0.165690000 – 0.161900000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Black Crows – Double bottom retreat down