DOGE/USDT – 4H – SELL

The pair Dogecoin/Tether (DOGE/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.13177 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.15681 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.15681 – 0.16563 – 0.1864 – 0.13177 – 0.13321 – 0.14943 — 52.662935587125 – 51.039494195693 — 54.601329527013 – 27.83744318048 – 74.678100816327 – 55.078275446024

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – Double bottom chart pattern – –