🐕 Doge Falls On Support Zone, Possible Accumulation! 🐕
🐕 Doge Falls On Support Zone, Possible Accumulation!
🐕 Nearest strong support zone: around the fibo level 0.236 of the downward wave.
🐕 Nearest strong resistance zone: around the fibo level of 0.382 of the downward wave.
🐕 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
🐕 Doge reached a resistance zone after yesterday's predicted breakout, followed by a strong price turnaround, all due to investors pulling out of the crypto market amid fears of further strengthening of the US dollar over the coming week. It looks like Doge will fall to the support zone, maybe even break through it, and stay in that area for some time until the crypto market breaks out again.
📉 The scenario I am playing out is to wait for the end of the accumulation after the declines and continue the upward movement. 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.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
🐕 Nearest strong support zone: around the fibo level 0.236 of the downward wave.
🐕 Nearest strong resistance zone: around the fibo level of 0.382 of the downward wave.
🐕 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
🐕 Doge reached a resistance zone after yesterday's predicted breakout, followed by a strong price turnaround, all due to investors pulling out of the crypto market amid fears of further strengthening of the US dollar over the coming week. It looks like Doge will fall to the support zone, maybe even break through it, and stay in that area for some time until the crypto market breaks out again.
📉 The scenario I am playing out is to wait for the end of the accumulation after the declines and continue the upward movement. 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.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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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.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.