DOGE/USDT – 1H – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at 0.180220000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.196230000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.19187108 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.196230000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.227980000 |
| 2nd High | 0.198680000 |
| Next High | 0.196230000 |
| Current Price | 0.190610000 |
| Next Low | 0.180220000 |
| 2nd Low | 0.177760000 |
| 3rd Low | 0.168000000 |
0.196230000 – 0.186990000 – 0.188700000 – 0.180220000 – 0.180460000 – 0.181850000