Get started
Aleksin_Aleksandar

Dogecoin and potential resistance

Dogecoin / TetherUS (BINANCE:DOGEUSDT)  
Aleksin_Aleksandar  
BINANCE:DOGEUSDT   Dogecoin / TetherUS
Support and Resistance Trend Lines Fibonacci
35
1
supportandresistance trendline fibonacci
The previous pullback was completed at 61.8% Fibonacci level. Yesterday’s new low helped us form a falling channel. After setting the new Fibonacci levels, we see that the new 61.8% Fibonacci level at 0.45000 coincides with the now upper channel line and the moving average of the MA200. Here we can expect the next major resistance or some consolidation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.