Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline down.
A bearish movement down to the next support at 0.14897 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.15554 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.14862 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.15554 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.15972 |
| 2nd High | 0.15681 |
| Next High | 0.15554 |
| Current Price | 0.149610000 |
| Next Low | 0.14897 |
| 2nd Low | 0.14862 |
| 3rd Low | 0.14585 |
0.15554 – 0.1548 – 0.15681 – 0.14897 – 0.14961 – 0.1521 — 45.417102530527 – 42.103311750015 — 53.091496740877 – 43.45124516855 – 40.251463274213 – 48.008167638572
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –