Also there is a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The combination Dogecoin/Tether (DOGE/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.228350000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.242590000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.22672 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 0.242590000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.271110000 |
| 2nd High | 0.255740000 |
| Next High | 0.242590000 |
| Current Price | 0.228660000 |
| Next Low | 0.228350000 |
| 2nd Low | 0.226720000 |
| 3rd Low | 0.220060000 |
0.242590000 – 0.236050000 – 0.234970000 – 0.230640000 – 0.232190000 – 0.228350000 — 36.832386851762 – 34.74291995066
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –