DOGE/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.09551 is expected.

Caution: A possible change in the direction of the resistance zone at 0.1036 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Furthermore a ‘Shooting Star’ chart pattern is detected. The candles show ‘Shooting Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

0.1036 – 0.11056 – 0.12775 – 0.09551 – 0.0879 – 0.08001 —
0.099480000 – 0.100220000 —
50.727676114521 – 56.480605404174 —
– —
0.1036 – 1771214400

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Shooting Star – Symmetrical Triangle Chart Pattern – –