DOGE/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination Dogecoin/Tether (DOGE/USDT) goes from the ascending trendline down.

A bearish descent down to the next support line at 0.238000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.255740000 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.24371152 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.255740000 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.253430000 – 0.248680000 – 0.249520000 – 0.238000000 – 0.236780000 – 0.233590000 — 46.747621888463 – 46.416378188579

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –