DOGE/USDT – 1H – SELL

The pair Dogecoin/Tether (DOGE/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support at 0.09028 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.09489 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.092785 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.09489 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.09174 – 0.09489 – 0.09529 – 0.09028 – 0.09062 – 0.09224 —
0.094630000 – 0.095330000 —
71.7096321959 – 58.195854171493 —
– —
0.09174 – 1776027600

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –