BINANCE:DOGEUSDT   Dogecoin / TetherUS
Hello Crypto Lovers,

Mars Signals team wishes you high profits.

This is a one-day-time frame analysis for DOGEUSDT

Based on our previous analysis on January 17, we predicted a rise to happen for the price and now we have the expectation come true. Here we have R1 as the resistance area that expresses the price was not able to rise at different points. And S2 and S1 used to be the resistance areas in the past, clearly. Hence, we have the price fluctuating above S1 area and we expect it to fall toward the mentioned area. Then by receiving some rising signs by the price, it would rise upward to R1. It happens that there will be some confirmation candles for a decline when the price touches R1 and a fall is predicted there for the price to reach lower amounts. The point is to wait for some confirmation candles in order to make sure what will happen next and act precisely.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Wish you luck

Related Ideas

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.