DOGE/USDT – 4H – SELL

The combination Dogecoin/Tether (DOGE/USDT) goes from the bearish trendline down.

A continuation of the downward movement down to the next support line at is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.10046 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.09083728 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.10046 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Shooting Star’ candle chart pattern is found. The chart shows ‘Shooting Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.10046 – 0.10434 – 0.10618 – 0.08666 – 0.08847 – 0.08771 —
0.095190000 – 0.101990000 —
57.18644691319 – 61.546956500367 —
– —
0.10046 – 1773158400

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Shooting Star – – –