Dogecoin short view

The technical analysis for Dogecoin is that there is a high probability that we will see a further continuation of the bearish trend. The price fell below all moving averages with shorter retention at 61.8% Fibonacci level at 0.38000. The break below pulls us down towards the 0.35000 previous low, and then we can easily drop to 0.30000 if Dogecoin continues to weaken. We have a rejection of 61.8% Fibonacci level for a shorter bullish trend, with the aim of climbing first to the upper resistance line of the with coincides with 50.0% Fibonacci level at 0.45000. The macd indicator gives us a clean bearish signal for now.