The currency pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.08183 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.09247 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.10386 |
| 2nd High | 0.10183 |
| Next High | 0.09247 |
| Current Price | 0.089330000 |
| Next Low | 0.08183 |
| 2nd Low | 0.08139 |
| 3rd Low | 0.08001 |
0.09247 – 0.10183 – 0.10386 – 0.08183 – 0.08139 – 0.09646 —
0.088140000 – 0.090110000 —
51.785899794613 – 62.318382641025 —
– —
0.09247 – 1781265600
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –