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DOGE: Descending Triangle Breakout
Dogecoin / TetherUS
Long
DOGE: Descending Triangle Breakout
By altFINS
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Oct 13, 2023
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Oct 13, 2023
DogeCoin (DOGE) technical analysis:
Trade setup
:
Bearish breakout from Descending Triangle
pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend
: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum
is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance
: Nearest Support Zone is $0.060, which it broke, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Chart Patterns
crypto
cryptoanalysis
cryptotrading
doge
dogecoin
dogecointether
dogeusdt
Technical Indicators
Technical Analysis
Trend Analysis
altFINS
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