The combination Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.0932 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.09609 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Tweezers Top’ candlestick pattern is existing. The chart shows ‘Tweezers Top’. 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 chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.10297 |
| 2nd High | 0.10185 |
| Next High | 0.09609 |
| Current Price | 0.092590000 |
| Next Low | 0.0932 |
| 2nd Low | 0.0918 |
| 3rd Low | 0.0912 |
0.09609 – 0.09562 – 0.10185 – 0.0932 – 0.09328 – 0.09968 —
0.095250000 – 0.092980000 —
51.812310955455 – 31.439584464479 —
– —
0.09609 – 1773889200
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern – –