DOGE/USDT – 30M – SELL

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

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

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

Caution: A possible reversal of the trend in the direction of resistance at 0.255740000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.24371152 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.255740000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candle pattern is detected. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. 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 – –