Welcome back, gang!! It's time for a quick update on our DOGE/USD trading analysis. Buckle up as we delve deeper into the daily and 4-hour timeframes, uncovering major structural zones and trends that are shaping our next moves.
Upon closer inspection, we've identified key structural zones and downtrends, aligning them with Fibonacci levels from the previous leg....
Bitcoin is now testing the resistance trend line which has been forming since the interim high. Still maintaining a lower high structure overall, so that it hasn't been any confirmation of another bullish continuation. Must wait what the price will do right at this level.
In my opinion, it's prime to see possible leg lower on the bitcoin because we see some strong alignment factors that pointing to the downside. Here is the altcoins to watch right now which I see some bear flag structure.
