DOGE/USDT – 30M – SELLThe combination Dogecoin/Tether (DOGE/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.178710000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Besides a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.190110000 |
| 2nd High | 0.180440000 |
| Next High | 0.178710000 |
| Current Price | 0.176200000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.178710000 – 0.178400000 – 0.180440000 – 0.174590000 – 0.175600000 – 0.171500000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Outside Down