DOGE, We keep it on watch and monitor the battle with resistance
Is Doge going to break out the down trend line? Lets keep it on watch!
As shown on the chart the short term down trend line prevented doge from progress 4 time which makes it a strong dynamic resistance. Also a strong static support around 0.16 is clear on the chart. This static support has moved doge up 3 times.
In case of down trend line break out first target would be around 0.45. I myself, based on character of current down going wave expect a more decline even down to mentioned static support but who knows? Considering the dominance of Bitcoin which is going to make a new ATH , we may see the down trend line break out sooner than expected!
Lets keep it in watch and choose the best entry point in appropriate time. Sometimes waiting is the best thing to do in the market!
Good luck my friends
As shown on the chart the short term down trend line prevented doge from progress 4 time which makes it a strong dynamic resistance. Also a strong static support around 0.16 is clear on the chart. This static support has moved doge up 3 times.
In case of down trend line break out first target would be around 0.45. I myself, based on character of current down going wave expect a more decline even down to mentioned static support but who knows? Considering the dominance of Bitcoin which is going to make a new ATH , we may see the down trend line break out sooner than expected!
Lets keep it in watch and choose the best entry point in appropriate time. Sometimes waiting is the best thing to do in the market!
Good luck my friends
Comment:
Down trend line is broken strongly thanks to Elon's tweet !
