DOGE/USDT – 1H – SELLThe combination Dogecoin/Tether (DOGE/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.14862 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.15681 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.1498 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.15681 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.15973 |
| 2nd High | 0.15972 |
| Next High | 0.15681 |
| Current Price | 0.153190000 |
| Next Low | 0.14862 |
| 2nd Low | 0.14585 |
| 3rd Low | 0.14279 |
0.15681 – 0.15504 – 0.15397 – 0.14862 – 0.14585 – 0.14279 — 49.197627317265 – 48.634902023761 — 47.027161007905 – 53.179859246635 – 31.540886996501 – 45.444924023608
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Matching Low – – –