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.
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.