Dogecoin (DOGE)
Hi guys
### Key Observations:
1. **Price Action:**
- Current price: **0.16358 USDT**.
- Projected price movement indicates a potential upward trend toward **0.42232 USDT**.
2. **Supply and Demand Zones:**
- **Demand Zone (green box):** Indicates areas where buyers might step in, increasing the price.
- **Supply Zone (red box):** Represents areas of potential selling pressure, causing resistance.
3. **Trading Tools & Indicators:**
- Labeled as **FluidTrades - SMC Lite 10 20 2.5**, suggesting a strategy based on Smart Money Concepts (SMC).
- Points of Interest (POI) are highlighted, likely indicating critical levels for price reaction.
4. **Market Sentiment:**
- The terms "BUY" and "SELL" prices suggest a current spread, with the price slightly above the equilibrium level.
This chart provides a detailed framework for predicting Dogecoin's price action, catering primarily to technical traders. The marked zones and projected trend offer clues on potential market behavior. Let me know if you'd like a deeper dive into any of these aspects!
Hi guys
### Key Observations:
1. **Price Action:**
- Current price: **0.16358 USDT**.
- Projected price movement indicates a potential upward trend toward **0.42232 USDT**.
2. **Supply and Demand Zones:**
- **Demand Zone (green box):** Indicates areas where buyers might step in, increasing the price.
- **Supply Zone (red box):** Represents areas of potential selling pressure, causing resistance.
3. **Trading Tools & Indicators:**
- Labeled as **FluidTrades - SMC Lite 10 20 2.5**, suggesting a strategy based on Smart Money Concepts (SMC).
- Points of Interest (POI) are highlighted, likely indicating critical levels for price reaction.
4. **Market Sentiment:**
- The terms "BUY" and "SELL" prices suggest a current spread, with the price slightly above the equilibrium level.
This chart provides a detailed framework for predicting Dogecoin's price action, catering primarily to technical traders. The marked zones and projected trend offer clues on potential market behavior. Let me know if you'd like a deeper dive into any of these aspects!
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.
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.