DOGE/USDT – 30M – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 0.095 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.15317 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. which could be a negative signal. The pair is likely to go down.
Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Next a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.15973 |
| 2nd High | 0.15972 |
| Next High | 0.15317 |
| Current Price | 0.140350000 |
| Next Low | 0.095 |
| 2nd Low | |
| 3rd Low |
0.15317 – 0.15972 – 0.15882 – 0.14623 – 0.14712 – 0.15536 — 35.025597389988 – 25.692804570597 — 36.849603147683 – 26.859326594758 – 41.391197117956 – 35.796606592346
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – Triple top chart pattern – –