DOGE/USDT – 30M – SELLAdditionally a ‘Double bottom retreat down’ chart layout is existing. The formation shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support line at 0.267260000 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.279310000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.279310000 |
| Current Price | 0.278770000 |
| Next Low | 0.267260000 |
| 2nd Low | 0.250010000 |
| 3rd Low | 0.237410000 |
0.279310000 – 0.278300000 – 0.257760000 – 0.267260000 – 0.250010000 – 0.237410000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Two Crows – Double bottom retreat down