The currency pair Dogecoin/Tether (DOGE/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.09022 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.10046 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.10618 |
| 2nd High | 0.10434 |
| Next High | 0.10046 |
| Current Price | 0.091940000 |
| Next Low | 0.09022 |
| 2nd Low | 0.08666 |
| 3rd Low | 0.08001 |
0.10046 – 0.09283 – 0.09246 – 0.09022 – 0.08666 – 0.0879 —
0.093240000 – 0.092090000 —
39.222724585345 – 35.139449824147 —
– —
0.10046 – 1773158400
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Engulfing – – –