DOGE - 6h. We love and hate at the same time
Remembering the DOGE coin a month ago, 2 associations of Elon Musk and eternal growth immediately appeared in my head. However, for almost a month DOGE has shown a different behavior. This manner of DOGE price movement was very popular before the sharp pomp of the coin. It is a ruthless, protracted, crazy and intolerable correction. Almost a month has passed since our previous global idea and sellers have managed to test a critical point, after which a new wave of growth is likely:
After rapid growth and unsuccessful renewal of the high, the price of DOGE went into a protracted correction. At the moment, this correction is in the form of consolidation, which can not shoot.
Trading volumes in the DOGEUSDT market have fallen significantly and expectations of a new wave of growth are becoming unbearable and quite nervous. The first local target is $0.055. Having established itself above this range, buyers will have every chance to continue the movement with the next goal $0.06 and with the final $0.087.
If you look at the DOGEBTC chart, it becomes clear that a new momentum of growth is about to begin:
However, it should be remembered how many times this moment has grown. In the event of a failed fixation of the BTCUSD price above the range of $48000-48400, the global correction of the entire crypto market may continue. In this case, if the DOGEBTC market loses 95-100, we will see a new small collapse. At the moment, this is an alternative scenario.
______________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
After rapid growth and unsuccessful renewal of the high, the price of DOGE went into a protracted correction. At the moment, this correction is in the form of consolidation, which can not shoot.
Trading volumes in the DOGEUSDT market have fallen significantly and expectations of a new wave of growth are becoming unbearable and quite nervous. The first local target is $0.055. Having established itself above this range, buyers will have every chance to continue the movement with the next goal $0.06 and with the final $0.087.
If you look at the DOGEBTC chart, it becomes clear that a new momentum of growth is about to begin:
However, it should be remembered how many times this moment has grown. In the event of a failed fixation of the BTCUSD price above the range of $48000-48400, the global correction of the entire crypto market may continue. In this case, if the DOGEBTC market loses 95-100, we will see a new small collapse. At the moment, this is an alternative scenario.
______________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.