DOGE/USDT – 4H – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.157310000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.181150000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.232160000 |
| 2nd High | 0.206720000 |
| Next High | 0.181150000 |
| Current Price | 0.154140000 |
| Next Low | 0.157310000 |
| 2nd Low | 0.129860000 |
| 3rd Low |
0.181150000 – 0.206720000 – 0.188700000 – 0.171500000 – 0.180220000 – 0.168000000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Matching Low