Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline down.
A descending movement down to the next support line at is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.11184 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.113 |
| 2nd High | 0.11286 |
| Next High | 0.11184 |
| Current Price | 0.109790000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.11184 – 0.11286 – 0.11139 – 0.10643 – 0.10782 – 0.10809 —
0.111600000 – 0.110570000 —
56.804683552811 – 45.257957430077 —
– —
0.11184 – 1778526000
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –