DOGE/USDT – 1H – SELL

The combination Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline down.

A bearish movement down to the next support line at 0.168510000 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.181150000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.181150000 – 0.178710000 – 0.180440000 – 0.168510000 – 0.171420000 – 0.174590000

Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Outside Down