The currency pair Dogecoin/Tether (DOGE/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.09461 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.11871 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ candle pattern is discovered. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.12775 |
| 2nd High | 0.12632 |
| Next High | 0.11871 |
| Current Price | 0.104910000 |
| Next Low | 0.09461 |
| 2nd Low | |
| 3rd Low |
0.11871 – 0.11772 – 0.12632 – 0.09461 – 0.11032 – 0.11352 —
0.105480000 – 0.105640000 —
48.950329881701 – 51.049393463671 —
– —
0.11871 – 1769799600
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Matching Low – – –