The pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at will continue.
Caution: A possible trend reversal in the direction of resistance at 0.15973 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1651 |
| 2nd High | 0.16294 |
| Next High | 0.15973 |
| Current Price | 0.150690000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.15973 – 0.16294 – 0.1651 – 0.14712 – 0.15536 – 0.14943 — 51.69351789438 – 34.59823996562 — 53.614886731392 – 33.333333333333 – 74.037496089055 – 57.96548004315
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – Double top chart pattern – –