DOGE/USDT – 1H – SELL

Moreover a ‘Double bottom retreat down’ chart layout is found. The formation shows ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

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

A descending movement downwards to the next support line at 0.146510000 will continue.

Caution: A possible change in the direction of the resistance level at 0.15206 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Last Engulfing Top’ candlestick chart pattern is detected. The candles form ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.15206 – 0.14783 – 0.13732 – 0.146510000 – 0.13443 – 0.13177 — 71.741166892546 – 66.192262925784 — 55.698654489371 – 62.905922912284 – 41.643355870365 – 52.719084492285

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Last Engulfing Top – Double bottom retreat down – –