DOGE/USDT – 30M – SELL

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

A descending movement downwards to the next support level at 0.212250000 is certain.

Caution: A possible change in the direction of resistance at 0.233980000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.22843164 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.233980000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. 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).

0.233980000 – 0.225180000 – 0.218050000 – 0.212250000 – 0.213340000 – 0.212410000 — 67.245897735677 – 65.504834059024

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – – –