Moreover a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.07092 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.07538 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.07938 |
| 2nd High | 0.0756 |
| Next High | 0.07538 |
| Current Price | 0.071830000 |
| Next Low | 0.07092 |
| 2nd Low | 0.06952 |
| 3rd Low |
0.07538 – 0.0756 – 0.07938 – 0.07092 – 0.07101 – 0.06952 —
0.074800000 – 0.073340000 —
52.118457947308 – 40.797826648336 —
– —
0.07538 – 1784044800
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –