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AndreKlynsmith

DOGE|USDT - Will Twitter row sink price to $0.05?

Short
Dogecoin / TetherUS (BINANCE:DOGEUSDT)  
AndreKlynsmith  
BINANCE:DOGEUSDT   Dogecoin / TetherUS
Trend Analysis Chart Patterns Wave Analysis dogecoin dogeusd dogecoinanalysis
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trendanalysis chartpattern waveanalysis dogecoin dogeusd dogecoinanalysis
Dogecoin could remain stuck in a range for some time. The long wick on DOGE’s price last week shows that the bears are selling on minor rallies. The DOGE/USD pair gave up a large part of its gains and closed flat at $0.06. The bears will attempt to build upon this advantage and sink the price below $0.06.The downsloping moving averages and the relative strength index (RSI) in the negative zone indicate that the bears are in control. If the price slips below $0.06, the pair could slide to the psychological support at $0.05.This negative view could invalidate if the price turns up and breaks above $0.08. Such a move could open the doors for a possible rally to the 20-week exponential moving average (EMA). This level could again attract strong selling by the bears.
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