DOGE/USDT – 4H – SELL

Furthermore a ‘Double top chart pattern’ chart pattern is discovered. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

The bearish trend down to the next support line at 0.188420000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.248590000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.1845733 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.248590000 is within the realm of possibility.
Consider stop-loss settings accordingly.

0.248590000 – 0.287500000 – 0.210970000 – 0.220850000 – 0.188420000 – 0.161280000 — 38.056337005111 – 35.545977870404

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – – Double top chart pattern –