DOGE/USDT – 1H – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.14585 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.15504 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.15973 |
| 2nd High | 0.15972 |
| Next High | 0.15504 |
| Current Price | 0.150110000 |
| Next Low | 0.14585 |
| 2nd Low | 0.14279 |
| 3rd Low | 0.13549 |
0.15504 – 0.15397 – 0.1493 – 0.14585 – 0.14279 – 0.14355 — 50.27043375152 – 45.631588320443 — 37.896049741241 – 22.487806694218 – 38.45009446504 – 35.150228973528
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –