After being stagnant for weeks, Doge finally breaks upwards from the triangular figure of accumulation that had been taking shape since August 16, 2022, in part due to the news that Elon Musk was planning to close the deal with Twitter before the end. of the week arrive.
From a technical point of view, the indicators are in favor of the upward continuation. Despite the overbought on the RSI, the volume is looking just as good after a good amount of entry in the last 48 hours, and furthermore, looking for the MM200 will be the next major resistance. . Triangle pattern formation was broken strong.
Now it's forming its impulsive move and tracing fibonacci retracement allied to previous support and resistance, we might have a little correction until . 0.68 .This correctional move will be an entry option when retracing the current 0.382 fib level at around 0.068 USDT.
From a technical point of view, the indicators are in favor of the upward continuation. Despite the overbought on the RSI, the volume is looking just as good after a good amount of entry in the last 48 hours, and furthermore, looking for the MM200 will be the next major resistance. . Triangle pattern formation was broken strong.
Now it's forming its impulsive move and tracing fibonacci retracement allied to previous support and resistance, we might have a little correction until . 0.68 .This correctional move will be an entry option when retracing the current 0.382 fib level at around 0.068 USDT.
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.