Dogecoin(DOGE): Possible Head & Shoulder / Sell Momentum

Dogecoin caught our attention with great possibility of downward movement here after a recent rejection near EMAs.

We now have entered into that right shoulder zone, where we also see some pressure from EMAs.

If all plays well, we should see a further downward movement to lower zones (possibly breaking that neckline zone).

Swallow Team

Comment:

Dogecoin has made great moves, working just as we were looking.

The head and shoulder pattern is in progress, and if all plays out nicely, we should see great downward movement to further lower zones!

Comment:

Dogecoin is still trading nicely in the lower zones after that sharp dump from the upper resistance zone.

We are keeping an eye on that neckline zone and, of course, a potential breakdown from there as well!

Comment:

25% of movement since that zone of rejection we have been looking at.

The price is now in a crucial zone, so stay focused!! and wait!!