DOGE/USDT – 30M – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.219180000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.225180000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Moreover a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.234590000 |
| 2nd High | 0.225970000 |
| Next High | 0.225180000 |
| Current Price | 0.222220000 |
| Next Low | 0.219180000 |
| 2nd Low | 0.216680000 |
| 3rd Low | 0.216060000 |
0.225180000 – 0.225970000 – 0.223880000 – 0.219180000 – 0.216680000 – 0.217400000 — 51.453913935148 – 48.821063383215
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –