The combination Dogecoin/Tether (DOGE/USDT) goes from the ascending trendline down.
A descending movement downwards to the next support at 0.0918 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.10046 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.10618 |
| 2nd High | 0.10434 |
| Next High | 0.10046 |
| Current Price | 0.095950000 |
| Next Low | 0.0918 |
| 2nd Low | 0.0912 |
| 3rd Low | 0.09022 |
0.09586 – 0.09485 – 0.10046 – 0.0918 – 0.0912 – 0.09143 —
0.094860000 – 0.097200000 —
56.843577368756 – 71.469165399882 —
– —
0.09586 – 1773316800
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – – –