DOGE/USDT – 1H – SELL

The combination Dogecoin/Tether (DOGE/USDT) jumps from the bullish trendline down.

A bearish trend down to the next support level at 0.12045 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.12775 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.12045 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.12775 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Two Crows’ candle chart pattern is discovered. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.12775 – 0.12666 – 0.1235 – 0.12139 – 0.12045 – 0.12203 —
0.122120000 – 0.121100000 —
34.219667265213 – 30.82221601452 —
– —
0.12775 – 1769594400

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –