Bullish scenario:
• We need to continue this optimistic consolidation and a break above MA200 and 0.19000. Based on that, we can expect Dogecoin to climb to the next resistance at 0.20000 levels.
• The next target is the previous high at 0.22000 from December 15th. We were there, after the news of the Elon Muscovy tweet about allowing the purchase of Tesla goods with Dogecoin.
• The break above takes us back to the period of price movements in November, and the first November resistance is in the zone around 0.24000.
Bearish scenario:
• We need a new pessimistic consolidation and a rejection of the MA200 price, which can lead to a rise in the price of our lower levels.
• Our first potential support is at 0.16000, and then the MA20 and MA50 moving average cross over to our bearish side.
• The next support awaits us at the December low of 0.13000.
• We need to continue this optimistic consolidation and a break above MA200 and 0.19000. Based on that, we can expect Dogecoin to climb to the next resistance at 0.20000 levels.
• The next target is the previous high at 0.22000 from December 15th. We were there, after the news of the Elon Muscovy tweet about allowing the purchase of Tesla goods with Dogecoin.
• The break above takes us back to the period of price movements in November, and the first November resistance is in the zone around 0.24000.
Bearish scenario:
• We need a new pessimistic consolidation and a rejection of the MA200 price, which can lead to a rise in the price of our lower levels.
• Our first potential support is at 0.16000, and then the MA20 and MA50 moving average cross over to our bearish side.
• The next support awaits us at the December low of 0.13000.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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t.me/NFT_crypto_news_trading_signals