DOGE/USDT – 1H – SELLThe pair Dogecoin/Tether (DOGE/USDT) jumps from the ascending trendline down.
A descending movement down to the next support at 0.0918 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.10046 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Top’ candlestick chart pattern is detected. The candles form ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.10618 |
| 2nd High | 0.10434 |
| Next High | 0.10046 |
| Current Price | 0.096510000 |
| Next Low | 0.0918 |
| 2nd Low | 0.0912 |
| 3rd Low | 0.09022 |
0.09586 – 0.09485 – 0.10046 – 0.0918 – 0.0912 – 0.09143 —
0.094860000 – 0.096890000 —
55.016107058662 – 61.21901257855 —
– —
0.09586 – 1773316800
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Tweezers Top – – –