DOGE - EN ROUTE FOR 0.2900. SELL RALLYES
M1 : Ongoing candle showing long shadows !!!
W1 : Far away of the weekly pivot level of 0.4715
D1 : Ongoing downtrend still intact and below TS
H4 : Bottom of the clouds support zone under attack,
below MBB, TS and KS. Failure to hold above the bottom
of the clouds would be a first warning signal for further downside
calling for 0.2900
H1 : Triangle pattern gives a technical targe of 0.2900
M30: In an ongoing downtrend channel. Watch the clouds
M15 : Below the clouds
M5 : Recovery attempt which should be seen as a corrective
move only
CONCLUSION : IN ORDER TO NEUTRALISE THE ONGOING DOWNSIDE SELLING PRESSURE
THE DOGE SHOULD RECOVER AND HOLD AT LEAST ABOVE THE HOURLY CLOUDS WHICH
ARE CURRENTLY AROUND 0.3500.
W1 : Far away of the weekly pivot level of 0.4715
D1 : Ongoing downtrend still intact and below TS
H4 : Bottom of the clouds support zone under attack,
below MBB, TS and KS. Failure to hold above the bottom
of the clouds would be a first warning signal for further downside
calling for 0.2900
H1 : Triangle pattern gives a technical targe of 0.2900
M30: In an ongoing downtrend channel. Watch the clouds
M15 : Below the clouds
M5 : Recovery attempt which should be seen as a corrective
move only
CONCLUSION : IN ORDER TO NEUTRALISE THE ONGOING DOWNSIDE SELLING PRESSURE
THE DOGE SHOULD RECOVER AND HOLD AT LEAST ABOVE THE HOURLY CLOUDS WHICH
ARE CURRENTLY AROUND 0.3500.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.