Dogecoin(DOGE): Getting Ready To Drop

Dogecoin is looking sweet, testing that 100EMA (showing some weakness) and getting also rejected on the upper zone of resistance (trend).

We are looking for a complete breakdown of both 100 and 200 EMAs, and once we see it, we will be looking for further moves to lower zones (after we secure EMAs as resistance zones).

Swallow Team

Comment:

Dogecoin has received a nice rejection from the 100EMA (yet did not touch the 200EMA).

We are looking for that upper resistance line to be reached, and from there, we will be looking for a potential reversal to happen towards at least 200 EMA.

We wait!

Comment:

Dogecoin is still trading below the upper trend of resistance while also showing some demand for another re-test. We are still keeping an eye on that zone for any potential rejection there, and once we get one, we will be opening a position!

Comment:

Dogecoin has gone for one last touch to the upper resistance zone, and then we caught a sweet 24% of market price movement.