DOGE/USDT – 1H – SELLAlso there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Dogecoin/Tether (DOGE/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 0.15536 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.16294 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.1528968 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.16294 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.16563 |
| 2nd High | 0.1651 |
| Next High | 0.16294 |
| Current Price | 0.152260000 |
| Next Low | 0.15536 |
| 2nd Low | 0.14943 |
| 3rd Low | 0.095 |
0.16294 – 0.1651 – 0.16563 – 0.15536 – 0.14943 – 0.1536 — 36.012667457356 – 30.791597924365 — 17.385232716409 – 9.4977992257517 – 29.039212528682 – 20.453046636225
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –