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Wasi-f
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Can any one tell me is this bullish or bearish pattern I am new in crypto and start learning
#BOME
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$DOGS Looking at the current DOGS/USDT chart: 1. **Price Action**: - The price has dropped significantly, currently sitting at 0.0010855, down by 13.56%. This sharp decline indicates strong selling pressure. 2. **Recent Low**: - The 24-hour low is 0.0010502, which is close to the current price. This suggests that the market is testing a recent support level. 3. **Moving Averages**: - The Moving Averages (MA7 at 0.0011783 and MA25 at 0.0012754) are both above the current price, showing that the short-term trend is downward. The price is below these averages, which often indicates bearish momentum. 4. **Market Sentiment**: - Given the significant drop in price, the market is currently bearish. The price is likely to continue testing lower levels if the selling pressure persists. **Prediction**: - **Short-Term**: The price might continue to decline or consolidate near the recent low of 0.0010502. If this level doesn't hold, the price could drop further. If you're considering buying, you might want to wait for signs of stabilization or a reversal pattern. - **Buying Strategy**: If the price starts to stabilize and forms a support base around 0.0010502 or lower, it could be a good entry point. However, be cautious, as further declines are possible in this bearish trend. **Note**: Cryptocurrency markets are highly volatile, and while technical analysis can provide insights, it does not guarantee future price movements. Always manage your risk carefully and consider consulting a financial professional for personalized advice.
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Any one expert here? Can you tell me what this triangle say loom going to the bullish trend or bearish? #loom #NewToCrypto
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