Additionally a ‘Double bottom retreat down’ chart formation is discovered. The chart picture shows ‘Double bottom retreat down’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Dogecoin/Tether (DOGE/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 0.276350000 is likely expected.
Caution: A possible change in the direction of resistance at 0.285820000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.295100000 |
| 2nd High | 0.293360000 |
| Next High | 0.285820000 |
| Current Price | 0.284780000 |
| Next Low | 0.276350000 |
| 2nd Low | 0.260450000 |
| 3rd Low | 0.257000000 |
0.285820000 – 0.270080000 – 0.272040000 – 0.276350000 – 0.260450000 – 0.263840000 — 64.536457351409 – 60.496032837459
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – – Double bottom retreat down – –