๐ Nearest strong support zone: around the 0.382 fibo level of the upward wave.
๐ Nearest strong resistance zone: around recent peaks.
๐ Technical environment:
๐ Moving averages: 50/50
๐ MACD: Downtrend
๐ RSI: Downtrend
๐ Price action: the Doge, like the entire cryptocurrency market, chooses the south direction. Exactly as I wrote in my last post. It looks like it could be the beginning of a new downward wave looking at the dynamics of the impulse and the correlation with the entire cryptocurrency market.
๐ The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. ๐
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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.