DOGE/USDT – 1H – SELL

The pair Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline down.

A bearish descent downwards to the next support level at 0.218650000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.255740000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.20846996 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.255740000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.255740000 – 0.250580000 – 0.241790000 – 0.218650000 – 0.221170000 – 0.229410000 — 28.963824091554 – 27.456308466254

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Two Crows – Double top chart pattern – –