DOGE/USDT – 1H – SELL

The currency pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.08456 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.08754 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.08754 – 0.08756 – 0.10129 – 0.08456 – 0.08139 – 0.08579 —
0.086120000 – 0.085620000 —
47.488208423459 – 50.444826994248 —
– —
0.08754 – 1780934400

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