DOGE/USDT – 30M – SELL

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

A bearish descent downwards to the next support line at 0.09243 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.097000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.0939387 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.097000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. this 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.097000000 – 0.09902 – 0.09881 – 0.09243 – 0.0951 – 0.0962 —
0.097000000 – 0.096140000 —
57.614390505003 – 52.667008013892 —
0.097000000 – 1770678000 —
– 1770678000

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –