Dogecoin (DOGE): Resistance, 100EMA, Breakdown??
Intriguing scenario on the 4-hour chart. Recent market sell-offs that resulted in a structure break have marked a significant resistance zone, which the market price is currently testing. Despite a slight upward movement, there's a clear tension as traders anticipate whether the resistance will hold or not.
If the price sustains below this resistance, then we will go for a movement towards 100 EMA near $0.0775, which is also close to a bullish trend as well. We are looking for weakness to kick in here as BB shows some overbought sings here and marketprice has recently went outside the path of BB as well!
If the price sustains below this resistance, then we will go for a movement towards 100 EMA near $0.0775, which is also close to a bullish trend as well. We are looking for weakness to kick in here as BB shows some overbought sings here and marketprice has recently went outside the path of BB as well!
Comment:
Another BOS is happening currently, where the price has broken from the Resistance zone.
Another BOS is happening currently, where the price has broken from the Resistance zone.
Comment:
DOGE has been gliding inside that BOS zone, where we still might see history reappearing itself and going for a breakdown of that same resistance and a re-test of it as well. Just like we did on November 18th.
DOGE has been gliding inside that BOS zone, where we still might see history reappearing itself and going for a breakdown of that same resistance and a re-test of it as well. Just like we did on November 18th.
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Another attempt to breakout from local resistance was not successful. Gameplay is still the same!