Dogecoin On the Daily Chart (Price Analysis)
Updated
Good day fellow traders! Here's my EYE on DOGECOIN on the daily chart.
DOGE is holding strong to this descending trendline and could be at a critical area of resistance that might hold and Move DOGE back down to the downside.
DOGE must break the .08840- .9003 LvL if it wants to continue on to the upside...
If this LVL Holds as resistance DOGE will go back down and test the .08515 - .0840 LVL of Support.
If this support does not hold, DOGE will go back down and test the .07447 - .08381 LVL.
The FLipside of this would be DOGE heading up to test the .09910 - .10721 LVL.
This is just my opinion of the possible outcomes of the Coin.
DOGE is holding strong to this descending trendline and could be at a critical area of resistance that might hold and Move DOGE back down to the downside.
DOGE must break the .08840- .9003 LvL if it wants to continue on to the upside...
If this LVL Holds as resistance DOGE will go back down and test the .08515 - .0840 LVL of Support.
If this support does not hold, DOGE will go back down and test the .07447 - .08381 LVL.
The FLipside of this would be DOGE heading up to test the .09910 - .10721 LVL.
This is just my opinion of the possible outcomes of the Coin.
Note
Good morning! looks like the resistance zone from .08840- .09063 is holding STRONG and we might see DOGE head back down and test the .08840 - .08515 LVLS
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