DOGE/USDT – 1H – SELL

The combination Dogecoin/Tether (DOGE/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 0.177760000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.192480000 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.184460000 – 0.192480000 – 0.198680000 – 0.177760000 – 0.168000000 – 0.187030000

Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Black Crows