DOGE/USDT – 1H – SELLThe combination Dogecoin/Tether (DOGE/USDT) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.171420000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.181150000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Collapsing Doji Star’ candlestick chart pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.227980000 |
| 2nd High | 0.206720000 |
| Next High | 0.181150000 |
| Current Price | 0.174280000 |
| Next Low | 0.171420000 |
| 2nd Low | 0.168000000 |
| 3rd Low | 0.164260000 |
0.181150000 – 0.178710000 – 0.180440000 – 0.171420000 – 0.174590000 – 0.171500000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Collapsing Doji Star