Hi!
The setup in Doge shows a strong technical breakout for Dogecoin. After clearing the "Broken trendline," the price has aggressively engulfed the last S&D zone, signaling a shift in control from sellers to buyers.
Current Price: 0.11269 📍
Key Observations: A clear divergence on the RSI supported the recent move up, and the surge in volume (highlighted in yellow) confirms the strength of the current push.
Outlook: We are seeing a classic retest of the broken resistance. If the green box holds as new support, the path is open for a run toward the 0.11550 level.
Bottom Line: The structure is firmly bullish. Watching for a hold above 0.11200 to confirm the next leg up.
The setup in Doge shows a strong technical breakout for Dogecoin. After clearing the "Broken trendline," the price has aggressively engulfed the last S&D zone, signaling a shift in control from sellers to buyers.
Current Price: 0.11269 📍
Key Observations: A clear divergence on the RSI supported the recent move up, and the surge in volume (highlighted in yellow) confirms the strength of the current push.
Outlook: We are seeing a classic retest of the broken resistance. If the green box holds as new support, the path is open for a run toward the 0.11550 level.
Bottom Line: The structure is firmly bullish. Watching for a hold above 0.11200 to confirm the next leg up.
Trade closed: target reached
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avatrade.com/trading-account?p=Webtrader&tag=220256
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🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Related publications
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.
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Related publications
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.