DOGE/USDT – 30M – SELL

The pair Dogecoin/Tether (DOGE/USDT) goes from the ascending trendline downwards

A descent downwards to the next support at 0.08505 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.09247 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.08434104 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.09247 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.09247 – 0.08746 – 0.08708 – 0.08505 – 0.08423 – 0.08183 —
0.088510000 – 0.087690000 —
52.441832196248 – 50.896202951088 —
– —
0.09247 – 1781274600

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