DOGE/USDT – 1H – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.161300000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.165000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.172040000 |
| 2nd High | 0.168090000 |
| Next High | 0.165000000 |
| Current Price | 0.163360000 |
| Next Low | 0.161300000 |
| 2nd Low | 0.157040000 |
| 3rd Low | 0.148610000 |
0.165000000 – 0.163070000 – 0.163710000 – 0.161300000 – 0.157040000 – 0.158050000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Outside Down –