DOGE/USDT – 30M – SELL

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

A descent down to the next support level at is certain.

Caution: A possible trend reversal in the direction of resistance at 0.178850000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Collapsing Doji Star’ candle chart pattern is found. The chart forms ‘Collapsing Doji Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

0.178850000 – 0.177410000 – 0.178710000 – 0.175340000 – 0.171420000 – 0.173610000

Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Collapsing Doji Star