Sell DOGE/USDT – 1H – SELL

The combination Dogecoin/Tether (DOGE/USDT) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 0.157310000 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.172040000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 0.181150000
2nd High 0.172220000
Next High 0.172040000
Current Price 0.157370000
Next Low 0.157310000
2nd Low 0.148840000
3rd Low 0.136510000

0.172040000 – 0.172220000 – 0.181150000 – 0.164050000 – 0.163920000 – 0.168510000

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