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DOGE: Descending Triangle Breakout

Long
Dogecoin / TetherUS (BINANCE:DOGEUSDT)  
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BINANCE:DOGEUSDT   Dogecoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators doge dogeusdt dogecoin dogecointether crypto cryptotrading cryptoanalysis Technical Analysis
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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.
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