DOGE/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 0.13585 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.14237 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.14237 – 0.14118 – 0.15405 – 0.13585 – 0.13856 – 0.13825 — 44.97010087892 – 40.184519815759 — 56.547450165456 – 43.902085484952 – 60.002087972955 – 53.391461750443

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