Dogecoin(DOGE): First Bounce After Nice Drop?
We are back with Doge coin, which has a very nice rejection from the upper resistance zone as of now, leading the price towards a lower support of $0.09113.
With that being said, we see that the price has had a volumetric bullish movement, which can lead the price back to the upper resistance zone. We are looking closely for market price movement, and once we see the price back near the upper resistance, we will be shorting it again with a much bigger size!
With that being said, we see that the price has had a volumetric bullish movement, which can lead the price back to the upper resistance zone. We are looking closely for market price movement, and once we see the price back near the upper resistance, we will be shorting it again with a much bigger size!
Comment:
Doge failed at re-testing one more time that upper resistance, where we see an early weakness. The big game plan will be same, where our major target is the lowest side of support (as long as we are below major resistance)
Doge failed at re-testing one more time that upper resistance, where we see an early weakness. The big game plan will be same, where our major target is the lowest side of support (as long as we are below major resistance)
Comment:
Making a descending triangle pattern. This pattern shows that the price is in a consolidation phase, with a trendline resistance that is going down and aligning with the middle line of the Bollinger Bands.
Currently, the price is near the apex of the triangle, suggesting an imminent breakdown. If the price breaks below the triangle, we might see a significant move to the downside, with potential targets around $0.08230 and possibly extending to the $0.07535 support zone.
Making a descending triangle pattern. This pattern shows that the price is in a consolidation phase, with a trendline resistance that is going down and aligning with the middle line of the Bollinger Bands.
Currently, the price is near the apex of the triangle, suggesting an imminent breakdown. If the price breaks below the triangle, we might see a significant move to the downside, with potential targets around $0.08230 and possibly extending to the $0.07535 support zone.
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After that amazing movement to lower support prices, a nice push of 5% is happening as of now. We are aiming for a similar pattern as on many coins, where the price will go for a re-test and fail there (continue the downward movement!).
Playing nicely as of now!