DOGE/USDT – 30M – SELL

The currency pair Dogecoin/Tether (DOGE/USDT) goes from the ascending trendline down.

A descending movement downwards to the next support line at 0.164260000 is expected.

Caution: A possible change in the direction of the resistance level at 0.181150000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.16851 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.181150000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Southern Doji’ chart pattern is detected. The candles form ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.181150000 – 0.178850000 – 0.177410000 – 0.168510000 – 0.175340000 – 0.171420000

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