DOGE/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support line at 0.08666 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.10199 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.09642 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.10199 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.10199 – 0.10046 – 0.10434 – 0.08666 – 0.08847 – 0.08771 —
0.097460000 – 0.102680000 —
54.757401835932 – 70.084122530407 —
– —
0.10199 – 1773403200

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Two Crows – – –