DOGE/USDT – 30M – SELL

The pair Dogecoin/Tether (DOGE/USDT) moves from the ascending trendline downwards

The bearish trend down to the next support line at is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.166910000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.166910000 – 0.167700000 – 0.167460000 – 0.163510000 – 0.162530000 – 0.161670000

Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Two Crows