DOGE/USDT – 30M – SELL

The pair Dogecoin/Tether (DOGE/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at 0.07092 is expected.

Caution: A possible change in the direction of the resistance line at 0.07244 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Last Engulfing Bottom:’ chart pattern is existing. The candles show ‘Last Engulfing Bottom:’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.07244 – 0.07261 – 0.07269 – 0.07092 – 0.07161 – 0.07257 —
0.072430000 – 0.072310000 —
57.658537884533 – 51.204227431584 —
– —
0.07244 – 1783989000

Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Last Engulfing Bottom: – – –