DOGE/USDT – 4H – SELL

The combination Dogecoin/Tether (DOGE/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at is expected.

Caution: A possible change in the direction of the resistance line at 0.246760000 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.2118258 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.246760000 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.246760000 – 0.211270000 – 0.248590000 – 0.218650000 – 0.195600000 – 0.188450000 — 42.214078638105 – 41.42078725188

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Matching Low – – –