We see DOGE have a nice rally to the upside, over 150%
However, we are reaching a weekly level from Dec 2021, which may act as resistance.
Along with DOGE hitting a key 0.618 fib extension level 0.1405
However, we are reaching a weekly level from Dec 2021, which may act as resistance.
Along with DOGE hitting a key 0.618 fib extension level 0.1405
Note
This update goes out to woutergelaude2's query:We see DOGE has a descending resistance.
If it continues downwards, the most likely level to test as support is at 0.86
Which is the Daily Level DOGE was unsuccessfully been able to break from May to Oct 28, 2022.
If DOGE does reach that level, I would be more inclined to open a long trade.
confluences such as bullish candle closes.
Please see the chart below (or above)
Note
I'd like to give one last update for today, I dont want to keep spamming everyone with it :')IF DOGE is able to test the weekly as support, you may want to wait for a continuation to the upside, based on this pattern:
One reason why I'm unsure of this bullish pattern is because it will typically form at the bottom of a trend. Not the top.
Safe Trading Fam <3333
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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.