DOGE/USDT – 1H – SELL

The currency pair Dogecoin/Tether (DOGE/USDT) moves from the descending trendline down.

A continuation of the downward movement downwards to the next support at 0.228260000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.238330000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.22525 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.238330000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.238330000 – 0.242220000 – 0.219200000 – 0.228260000 – 0.229020000 – 0.208280000 — 50.800527398235 – 47.91127880907

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –