DOGS | Descending Channel (SHORT)
➖ DOGSUSDT, after going live for trading on Binance, grew for only two days, between 26-28 August. After the 28-Aug. peak it has been going down and a perfect descending channel formed.
➖ DOGSUSDT is moving within a descending channel. This channel reveals a bearish bias thus signaling lower prices.
➖ DOGSUSDT is set to continue lower based on current price action and chart signals. Lower prices is possible and the most likely scenario to develop.
➖ The black lines on the chart represent resistance levels. If there is a small, temporary rise, these levels will work as resistance pushing prices back down.
➖ DOGSUSDT is moving within a bearish trend. Lower lows and lower highs. This trend is likely to continue for quite an extended period of time.
Namaste.
➖ DOGSUSDT is moving within a descending channel. This channel reveals a bearish bias thus signaling lower prices.
➖ DOGSUSDT is set to continue lower based on current price action and chart signals. Lower prices is possible and the most likely scenario to develop.
➖ The black lines on the chart represent resistance levels. If there is a small, temporary rise, these levels will work as resistance pushing prices back down.
➖ DOGSUSDT is moving within a bearish trend. Lower lows and lower highs. This trend is likely to continue for quite an extended period of time.
Namaste.
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