DOGE/USDT – 4H – SELL

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

A descent down to the next support level at 0.11612 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.15133 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.12442956 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.15133 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ chart pattern is detected. The candles show ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.15133 – 0.14237 – 0.12805 – 0.1351 – 0.13492 – 0.13825 — 28.775403793921 – 22.914036181586 — 29.664500361051 – 18.619119035716 – 39.321224240404 – 31.295709974264

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –