Hello, Let's see how DOGE is behaving.
This is a 4H chart.
DOGE has gone through corrections and fallen on the support levels.
The market is still showing Strong Sell volumes for DOGE , and as you can see on the chart, two support areas are strong for holding the price up.
There are also two other resistance areas pushing down on price.
The Bollinger Bands are expanding which is not a good sign for short-term.
The RSI is showing that DOGE is oversold, and now it's going back up to the center (50) area. With this reading, we can say that there is the possibility of the value reaching the resistance area once more, If the buy volumes appear faster.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.1757
Let me know your ideas.
Good luck.
This is a 4H chart.
DOGE has gone through corrections and fallen on the support levels.
The market is still showing Strong Sell volumes for DOGE , and as you can see on the chart, two support areas are strong for holding the price up.
There are also two other resistance areas pushing down on price.
The Bollinger Bands are expanding which is not a good sign for short-term.
The RSI is showing that DOGE is oversold, and now it's going back up to the center (50) area. With this reading, we can say that there is the possibility of the value reaching the resistance area once more, If the buy volumes appear faster.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.1757
Let me know your ideas.
Good luck.
