DOGE/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.097000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.10211 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.

0.10211 – 0.11053 – 0.11056 – 0.097000000 – 0.08001 – 0.10226 —
0.098490000 – 0.098380000 —
54.885560444779 – 51.664235360318 —
0.097000000 – 1770484200 —
0.10211 – 1770397200

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –