DOGE/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

The combination Dogecoin/Tether (DOGE/USDT) moves from the ascending trendline down.

A descent down to the next support level at is expected.

Caution: A possible change in the direction of the resistance level at 0.11706 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.11706 – 0.11651 – 0.11195 – 0.11075 – 0.10996 – 0.10878 —
0.116400000 – 0.113540000 —
55.315727909488 – 38.243013303384 —
– —
0.11706 – 1778065200

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –