DOGE/USDT – 30M – SELL

The pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 0.12 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.13066 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.12386698 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.13066 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.13066 – 0.1284 – 0.13796 – 0.12 – 0.13632 – 0.13669 —
0.129830000 – 0.129200000 —
54.715642369062 – 50.138154152974 —
– —
0.13066 – 1768856400

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Outside Down – Double top chart pattern – –