The combination Dogecoin/Tether (DOGE/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.157310000 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.172040000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.181150000 |
2nd High | 0.172220000 |
Next High | 0.172040000 |
Current Price | 0.157370000 |
Next Low | 0.157310000 |
2nd Low | 0.148840000 |
3rd Low | 0.136510000 |
0.172040000 – 0.172220000 – 0.181150000 – 0.164050000 – 0.163920000 – 0.168510000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Black Crows