DOGE/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support line at 0.09694 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.11055 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Shooting Star’ chart pattern is existing. The chart forms ‘Shooting Star’. this 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 ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.11055 – 0.112 – 0.09957 – 0.09694 – 0.09255 – 0.09028 —
0.108370000 – 0.108810000 —
59.178251413519 – 59.776357742853 —
– —
0.11055 – 1777636800

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Shooting Star – – –