DOGE/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.07228 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.0756 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles show ‘Bearish Belt Hold’. 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 likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.0756 – 0.07468 – 0.07295 – 0.07228 – 0.07334 – 0.07101 —
0.073290000 – 0.073680000 —
41.975317580368 – 50.439168500774 —
– —
0.0756 – 1783782000

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Bearish Belt Hold – – –