DOGEShort
DOGEUSD Short
1. Descending Triangle (Descending triangle pattern is 73% of the time a sign of upcoming bearish movement).
2. MA made a death cross
Will possibly bounce off the resistance below.
Overall looks very grim. Despite that, the possibilities of it going up again isn't zero, since Elon Musk has a lot of influence on this meme coin.
Good to note that if it does break out above the descending triangle pattern, the coin could move further up, potentially towards an ATH.
Not financial advice, do your own DD!
2. MA made a death cross
Will possibly bounce off the resistance below.
Overall looks very grim. Despite that, the possibilities of it going up again isn't zero, since Elon Musk has a lot of influence on this meme coin.
Good to note that if it does break out above the descending triangle pattern, the coin could move further up, potentially towards an ATH.
Not financial advice, do your own DD!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.