DOGE/USDT – 30M – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.180220000 is certain.
Caution: A possible change in the direction of the resistance zone at 0.190110000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
In addition a ‘Three Inside Down’ candle pattern is discovered. The chart forms ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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