DOGE/USDT – 30M – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.14352 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.151050000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.
Moreover a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Moreover a ‘Matching Low’ candle chart pattern is found. The chart shows ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.15656 |
| Next High | 0.151050000 |
| Current Price | 0.148270000 |
| Next Low | 0.14352 |
| 2nd Low | 0.11612 |
| 3rd Low | 0.095 |
0.151050000 – 0.15656 – 0.15451 – 0.14352 – 0.14918 – 0.1492 — 48.068565747022 – 47.548877986705 — 49.799748254949 – 46.840599610939 – 41.219620204009 – 46.605245805391
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Matching Low – – –