DOGE/USDT – 30M – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) jumps from the bullish trendline down.
A bearish movement down to the next support at 0.181850000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.188700000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.196690000 |
| 2nd High | 0.192480000 |
| Next High | 0.188700000 |
| Current Price | 0.184590000 |
| Next Low | 0.181850000 |
| 2nd Low | 0.177760000 |
| 3rd Low | 0.168000000 |
0.188700000 – 0.184460000 – 0.192480000 – 0.181850000 – 0.177760000 – 0.168000000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Last Engulfing Top