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angela_altair

DOGEUSDT at monthly support, likely to bounce up

Long
Dogecoin / TetherUS (BINANCE:DOGEUSDT)  
angela_altair  
BINANCE:DOGEUSDT   Dogecoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators doge dogeusd dogeusdt DOGEUSDTPERP dogeusdtidea dogeusdtlong dogeusdtbuy dogeusdtanalysis
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0
trendanalysis chartpattern indicator doge dogeusd dogeusdt dogeusdtperp dogeusdtidea dogeusdtlong dogeusdtbuy dogeusdtanalysis
The price has hit the monthly support MS1 again. It has done that several time in the past and this support has held the price since the drop started after hitting all time high in 2021. Everytime, the price has bounced from this support before the next visit of this support. The price is again at the same juncture and it is likely that the price bounces from this support again. The price may dip a bit further into this monthly support zone but eventually it shall reverse sooner or later from this zone. Therefore, a long from this zone is favorable. In case if the unlikely event of losing this monthly support happens, then it is likely that the price will visit weekly support around 0.009.
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