DOGE/USDT – 1H – SELL

The combination Dogecoin/Tether (DOGE/USDT) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 0.0985 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.1036 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.1002402 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.1036 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.1036 – 0.09455 – 0.097 – 0.0985 – 0.09069 – 0.0879 —
0.100090000 – 0.100660000 —
42.668324891052 – 52.734914242812 —
– —
0.1036 – 1771218000

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Engulfing – Double top chart pattern – –