ð Doge Accumulation Before The Breakout
ð Nearest strong support zone: around the 0.382 level of the entire upward wave.
ð Nearest strong resistance zone: around the 0.5 level of the entire downward wave.
ð Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
ð Price action: the Doge, like the entire cryptocurrency market, scored a strong surge from around 0.067 to as high as 0.09 The Doge is slowly preparing to execute a correction due to the upcoming strengthening trend of the US dollar in the coming days.
ð The scenario I am playing out is the execution of a correction then the continuation of the upward movement, at least up to the 0.5 level marked on the chart.
ð The scenario I am playing out is the execution of a correction then the continuation of the upward movement, at least up to the 0.5 level marked on the chart. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ð Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
ð If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. ð
ð Nearest strong support zone: around the 0.382 level of the entire upward wave.
ð Nearest strong resistance zone: around the 0.5 level of the entire downward wave.
ð Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
ð Price action: the Doge, like the entire cryptocurrency market, scored a strong surge from around 0.067 to as high as 0.09 The Doge is slowly preparing to execute a correction due to the upcoming strengthening trend of the US dollar in the coming days.
ð The scenario I am playing out is the execution of a correction then the continuation of the upward movement, at least up to the 0.5 level marked on the chart.
ð The scenario I am playing out is the execution of a correction then the continuation of the upward movement, at least up to the 0.5 level marked on the chart. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ð Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
ð If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. ð
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ðē To keep up to date with all my activities I invite you to visit my Telegram ðē
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ððððððððððððððððððððððððððð
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āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
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