Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0883 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.09092 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.09327 |
| 2nd High | 0.09247 |
| Next High | 0.09092 |
| Current Price | 0.089390000 |
| Next Low | 0.08812 |
| 2nd Low | 0.08568 |
| 3rd Low | 0.08558 |
0.09092 – 0.08921 – 0.08816 – 0.08812 – 0.08568 – 0.08739 —
0.090840000 – 0.090110000 —
67.833973074677 – 51.713236586396 —
– —
0.09092 – 1781528400
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Engulfing – – –