DOGE/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The combination Dogecoin/Tether (DOGE/USDT) moves from the ascending trendline downwards
A descending movement down to the next support at 0.188800000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.206720000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.19347 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.206720000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.232160000 |
| 2nd High | 0.227980000 |
| Next High | 0.206720000 |
| Current Price | 0.196660000 |
| Next Low | 0.188800000 |
| 2nd Low | 0.180220000 |
| 3rd Low | 0.177760000 |
0.206720000 – 0.199050000 – 0.197550000 – 0.188800000 – 0.189650000 – 0.180220000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Black Crows