Hi!
Market Structure:
Dogecoin remains in a well-defined descending channel, confirming a sustained bearish trend. Price continues to print lower highs and lower lows, indicating that sellers are still in control on the 4H timeframe.
Pattern Development:
Within the channel, price consolidated into a bearish rectangle, which typically acts as a continuation pattern. The breakdown from this range aligns with the dominant downtrend and reinforces the bearish bias rather than signaling accumulation.
Trend & Momentum:
Repeated rejections from the upper channel boundary and the median line show weak bullish follow-through. Each corrective bounce has been sold aggressively, suggesting distribution rather than reversal.
Key Levels:
Resistance: Upper channel/rectangle top
Support: Channel lower boundary near 0.117–0.118
As long as DOGE trades below the descending channel resistance, downside pressure remains dominant. A continuation toward the lower channel support is favored. Only a confirmed breakout above the channel would neutralize the bearish structure.
Market Structure:
Dogecoin remains in a well-defined descending channel, confirming a sustained bearish trend. Price continues to print lower highs and lower lows, indicating that sellers are still in control on the 4H timeframe.
Pattern Development:
Within the channel, price consolidated into a bearish rectangle, which typically acts as a continuation pattern. The breakdown from this range aligns with the dominant downtrend and reinforces the bearish bias rather than signaling accumulation.
Trend & Momentum:
Repeated rejections from the upper channel boundary and the median line show weak bullish follow-through. Each corrective bounce has been sold aggressively, suggesting distribution rather than reversal.
Key Levels:
Resistance: Upper channel/rectangle top
Support: Channel lower boundary near 0.117–0.118
As long as DOGE trades below the descending channel resistance, downside pressure remains dominant. A continuation toward the lower channel support is favored. Only a confirmed breakout above the channel would neutralize the bearish structure.
Trade ativo
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avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
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🔴 Forex channel: t.me/melikatrader94GoldForex
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📊 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
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.