msmadani88

Doge is kissing 50cent

msmadani88 Updated   
BINANCE:DOGEUSDT   Dogecoin / TetherUS
4h : Doge is breaking below the Fibonacci levels : .23 - .38 - .5 , toward pivot fib levels ( .61 - .78 ) where we expect to see the price bouncing up. the support zone is between .618 and .786 that includes the price from 0.45$ to 0.51$ . the hammer candle in which the body will form above the 0.51$ and its lower wick traps to 0.45$ or even lower prices is most expected in daily time frame.
The pink trend line perfectly matched with the Fib levels, MA 55 and ATH price that firms this zone to be a major support zone.

D : In Daily Chart, we expect the price to complete its pullback from ( 0.45-0.46$ $ ) which is the 0.786 level of Fibonacci to 0.69$ and higher. considering " M pattern " with the peak of 0.69-0.70 $ would be logical.

W : In weekly time frame, we expect the current candle surging to 0.88$, then probably falls to Fibonacci level 0.618 which is 0.51$ . so a weekly pullback is possible.

Comment:
The MA 55 and MA 100 are on the way to reach the support zone : 46$ - 51 $ which could concrete this zone as a support.

The MA 55 and MA 100 consolidation is widening so we expect to see the MAs are reaching higher prices in which candles could have a nice bounce.
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