DOGE/USDT – 30M – SELLThe combination Dogecoin/Tether (DOGE/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.180220000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.190110000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Furthermore a ‘Three Inside Down’ chart pattern is existing. The chart shows ‘Three Inside Down’. 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 ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.206720000 |
| 2nd High | 0.204040000 |
| Next High | 0.190110000 |
| Current Price | 0.175850000 |
| Next Low | 0.180220000 |
| 2nd Low | 0.177760000 |
| 3rd Low | 0.168000000 |
0.190110000 – 0.204040000 – 0.206720000 – 0.188800000 – 0.189650000 – 0.180220000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Inside Down