InvestMate|DOGE Higher and higher đ
đDOGE Higher and higher
đFrom what we can see Dogecoin doesn't give up and with every minor or major correction it gets overbought.
đLooking at the current demand for this cryptocurrency, it is not difficult to get the impression that in the next days, weeks, months there is a high probability that we will go even higher.
đWe have currently stopped at the first line of resistance. We have already made one downward correction from this level, which ended for the moment with a double hammer on the daily candles of the last two days.
đIt was determined on the basis of two fibo levels. The first is 0.618 of the entire upward wave from the bottom in June to the peak in November.
đUnderneath is a support zone determined from the last bottom of the entire downward wave and the 0.786 level of the same upward wave as for the first mentioned resistance zone.
đThe main strongest resistance zone is located around the price of 0.13 where I see the current upside coming in.
đIt was determined on the basis of two fibo levels. The first is the most important level, i.e. 0.618 of the entire downward wave and the level of 0.236 of the entire upward wave from the bottom in June to the peak in November.
đThe scenario I am playing out is a continuation of the upside in the vicinity of the aforementioned strong resistance zone. Currently, I expect some sort of accumulation between the two nearest resistance zones. 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.
đ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
đIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.đ
đFrom what we can see Dogecoin doesn't give up and with every minor or major correction it gets overbought.
đLooking at the current demand for this cryptocurrency, it is not difficult to get the impression that in the next days, weeks, months there is a high probability that we will go even higher.
đWe have currently stopped at the first line of resistance. We have already made one downward correction from this level, which ended for the moment with a double hammer on the daily candles of the last two days.
đIt was determined on the basis of two fibo levels. The first is 0.618 of the entire upward wave from the bottom in June to the peak in November.
đUnderneath is a support zone determined from the last bottom of the entire downward wave and the 0.786 level of the same upward wave as for the first mentioned resistance zone.
đThe main strongest resistance zone is located around the price of 0.13 where I see the current upside coming in.
đIt was determined on the basis of two fibo levels. The first is the most important level, i.e. 0.618 of the entire downward wave and the level of 0.236 of the entire upward wave from the bottom in June to the peak in November.
đThe scenario I am playing out is a continuation of the upside in the vicinity of the aforementioned strong resistance zone. Currently, I expect some sort of accumulation between the two nearest resistance zones. 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.
đ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
đIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.đ
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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.
đđđđđđđđđđđđđđđđđđđđđđđđđđđ
đČ To keep up to date with all my activities I invite you to visit my Telegram đČ
đČ t.me/Investmatez đČ
đđđđđđđđđđđđđđđđđđđđđđđđđđđ
đČ To keep up to date with all my activities I invite you to visit my Telegram đČ
đČ t.me/Investmatez đČ
đđđđđđđđđđđđđđđđđđđđđđđđđđđ
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.