DOGE/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A descending movement down to the next support line at 0.14581 is expected.

Caution: A possible change in the direction of the resistance level at 0.15451 could occur.
Consider stop-loss settings accordingly.

Next a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Current target is 0.14629454 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.15451 could occur.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.15451 – 0.15418 – 0.1275 – 0.14581 – 0.14771 – 0.11612 — 59.27757749705 – 46.242610935028 — 75.968362993027 – 55.641586013113 – 58.227193857785 – 61.967175597498

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –