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Analysis on #DOGE
Hello friends.
Inflation fears are getting serious in the financial market and you are following the stock market you would have seen how the Nasdaq shed almost 3%.
If you will ask me I will say yes inflation will rise but not to a scary level as some would say.
anyway, back to DOGE, the recent pattern I posted failed, and if you noticed almost 200B left the crypto market in the last two hours or so, that was expected as we were at a recent high.
Now what:
the market tested yesterday low and trying to bounce from here, it is a good buy at this level assuming that this is not the end of the uptrend, and the rally will continue.
Any close above 0.5200 will open the door to test 0.5800, and will be a very good sign as that will mean we have broken the trend line resistance that was preventing DOGe from Rallying, also we broke above the resistance level.
on the other hand, a close below 0.4200-0.4000 for me suggests getting out, also guys the longer we stay here without rallying suggests that buyers are not interested in this level which will encourage more selling, so better see a departure from this level very soon
>>close above 0.5200 opens 0.8500
>>close above 0.6000 opens the doos for 0.6800 - 0.7000. i doubt we see 0.700 soon.
>>close below 0.4200-0.4000 ver negative especially after last week's candle close.
Safe trading everyone
Check today analysis below⠀
>> “Time is your friend; impulse is your enemy.”
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis on #DOGE
Hello friends.
Inflation fears are getting serious in the financial market and you are following the stock market you would have seen how the Nasdaq shed almost 3%.
If you will ask me I will say yes inflation will rise but not to a scary level as some would say.
anyway, back to DOGE, the recent pattern I posted failed, and if you noticed almost 200B left the crypto market in the last two hours or so, that was expected as we were at a recent high.
Now what:
the market tested yesterday low and trying to bounce from here, it is a good buy at this level assuming that this is not the end of the uptrend, and the rally will continue.
Any close above 0.5200 will open the door to test 0.5800, and will be a very good sign as that will mean we have broken the trend line resistance that was preventing DOGe from Rallying, also we broke above the resistance level.
on the other hand, a close below 0.4200-0.4000 for me suggests getting out, also guys the longer we stay here without rallying suggests that buyers are not interested in this level which will encourage more selling, so better see a departure from this level very soon
>>close above 0.5200 opens 0.8500
>>close above 0.6000 opens the doos for 0.6800 - 0.7000. i doubt we see 0.700 soon.
>>close below 0.4200-0.4000 ver negative especially after last week's candle close.
Safe trading everyone
Check today analysis below⠀
>> “Time is your friend; impulse is your enemy.”
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
