HEY ,SUP GUYS and Girls !
Welcome to my new analysis today ,
Since November 29 Apr 2022 , that I updated Dogecoin ,It couldn't start a bullish rally, and has been declining till now, although I considered 2 possible scenario , and doge wasn't able to maintain past pivot zone and lost its previous support zones one after one ,same as other altcoin massively dropped!
So today , as you can see in weekly timeframe , although the overall trend of doge/usdt is still bearish ,and has lost the midline of downward channel and if market crash more ,it can even see the lower fibo support level .
but it also reached an important support zone recently , thus if it be able to maintain this zone by the next week , after breakout the midline and likely a pullback up on it can rise again to higher band of channel, but in order to have any uptrend rally should leave and breakout the current channel and otherwise can fall again and continue to fluctuate in the channel!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Welcome to my new analysis today ,
Since November 29 Apr 2022 , that I updated Dogecoin ,It couldn't start a bullish rally, and has been declining till now, although I considered 2 possible scenario , and doge wasn't able to maintain past pivot zone and lost its previous support zones one after one ,same as other altcoin massively dropped!
So today , as you can see in weekly timeframe , although the overall trend of doge/usdt is still bearish ,and has lost the midline of downward channel and if market crash more ,it can even see the lower fibo support level .
but it also reached an important support zone recently , thus if it be able to maintain this zone by the next week , after breakout the midline and likely a pullback up on it can rise again to higher band of channel, but in order to have any uptrend rally should leave and breakout the current channel and otherwise can fall again and continue to fluctuate in the channel!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
