Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The combination Dogecoin/Tether (DOGE/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at is expected.
Caution: A possible change in the direction of the resistance line at 0.255740000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Then a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles form ‘Last Engulfing Top’. 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 success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.287500000 |
| Next High | 0.255740000 |
| Current Price | 0.220310000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.255740000 – 0.246760000 – 0.211270000 – 0.215780000 – 0.218650000 – 0.195600000 — 44.31899426574 – 40.266791135567
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –