DOGE/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.09836 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.1036 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish pattern 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’ going down is 79%.

0.1036 – 0.1036 – 0.09455 – 0.09836 – 0.0985 – 0.09069 —
0.101780000 – 0.100590000 —
55.481477441974 – 48.279917612374 —
– —
0.1036 – 1771344000

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