DOGE/USDT – 30M – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.12045 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.12494 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.12204002 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.12494 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish 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’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.12884 |
| 2nd High | 0.12788 |
| Next High | 0.12494 |
| Current Price | 0.122220000 |
| Next Low | 0.12045 |
| 2nd Low | 0.12029 |
| 3rd Low | 0.12 |
0.1235 – 0.12453 – 0.12494 – 0.12045 – 0.12291 – 0.12402 —
0.122270000 – 0.125490000 —
41.083563406518 – 72.540785422122 —
– —
0.12350 – 1769486400
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – – –