DOGE/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at will persist.

Caution: A possible change in the direction of the resistance level at 0.08816 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.08816 – 0.08859 – 0.08883 – 0.08739 – 0.08581 – 0.08558 —
0.086690000 – 0.086670000 —
30.386563822984 – 41.029475532571 —
– —
0.08816 – 1781407800

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Engulfing – – –