DOGE/USDT – 30M – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support level at 0.162590000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.165000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.172040000 |
| 2nd High | 0.168090000 |
| Next High | 0.165000000 |
| Current Price | 0.163360000 |
| Next Low | 0.162590000 |
| 2nd Low | 0.161300000 |
| 3rd Low | 0.157040000 |
0.165000000 – 0.163430000 – 0.163070000 – 0.162590000 – 0.161300000 – 0.157040000
Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Black Crows –