DOGE/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.215780000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.255740000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Matching Low’ chart pattern is detected. The candles show ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.287500000 |
| 2nd High | 0.271110000 |
| Next High | 0.255740000 |
| Current Price | 0.229680000 |
| Next Low | 0.215780000 |
| 2nd Low | 0.195600000 |
| 3rd Low | 0.188450000 |
0.255740000 – 0.250580000 – 0.241790000 – 0.215780000 – 0.218650000 – 0.221170000 — 48.434939120199 – 48.285663003189
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –