DOGE/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support line at 0.168000000 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.206720000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Southern Doji’ chart pattern is found. The candles form ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.206720000 – 0.188700000 – 0.198680000 – 0.180220000 – 0.168000000 – 0.185550000

Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Southern Doji