DOGE/USDT – 30M – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.171420000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.178850000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.190110000 |
| 2nd High | 0.180440000 |
| Next High | 0.178850000 |
| Current Price | 0.177820000 |
| Next Low | 0.171420000 |
| 2nd Low | 0.168000000 |
| 3rd Low | 0.164260000 |
0.178850000 – 0.177410000 – 0.178710000 – 0.171420000 – 0.173610000 – 0.174590000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Two Crows