DOGE/USDT – 1H – SELL

The pair Dogecoin/Tether (DOGE/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support at 0.228260000 is certain.

Caution: A possible change in the direction of the resistance level at 0.244960000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Inside Down’ candle pattern is found. The candles show ‘Three Inside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.244960000 – 0.238330000 – 0.242220000 – 0.228260000 – 0.229020000 – 0.208280000 — 50.293299599497 – 44.317916550811

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Inside Down – – –