DOGE/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Dogecoin/Tether (DOGE/USDT) goes from the ascending trendline down.
A descent downwards to the next support at 0.14897 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.15554 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.
Furthermore a ‘Two Crows’ chart pattern is found. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.15972 |
| 2nd High | 0.15681 |
| Next High | 0.15554 |
| Current Price | 0.149290000 |
| Next Low | 0.14897 |
| 2nd Low | 0.14862 |
| 3rd Low | 0.14585 |
0.15554 – 0.1548 – 0.15681 – 0.14897 – 0.1521 – 0.14862 — 43.433830170439 – 42.010966312605 — 26.125225316869 – 22.260716265721 – 22.665942114435 – 24.092161232235
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –