Dogecoin Technical analysis
Hello everyone welcome back to another update
Hello ladies and gentlemen we ended up breaking above 0.193$ and saw a beautiful confirmation and a take profit of the 0.21$ region there are two opportunities you can of course look for a buying perspective number one is the exponential moving average you can look for this continuation Longs because you can see that Doge has been using this level as support this whole way towards the upside the only issue with that of course is on the weekly time frame 0.21$ is a crucial Zone
If we look here on the daily you will also notice that as of right now this is a rejection on the on the daily right this isn't a confirmation for a continuation this to me looks extremely overbought now and you can notice the fact that our EMAs as well on the daily are completely over leveraged so what I would do in this situation is probably suggest you to be watching these exponential moving averages if we end up seeing a strctur break below the EMAs and retesting as resistance a better buying opportunity for you would probably most likely be either A at 0.193 or B at 0.168$ now from an aggressive standpoint for those of you that really want to enter
The Daily time frame in terms of how we see a candle close if we see a close below 0.21$ then that's going to be a confirmation for a lot of traders to be looking to take their profits and moving back down into those exponential moving averages once we end up hitting those EMAs if we see them being used as support then yes our next Targets on Doge since the level of 0.21$ is being tested I can talk about this is going to be at the next Wick High which of course is going to be at 0.35$ the first Target and the second target is going to be around 0.5$ once those levels are broken then we can aim for all time high at 76 cents but everything right now is of course dependent on the 4-Hour time frame to
see how the exponential moving averages end up holding but that's pretty much
see you in another update Please Don't forget to upvote, resteem, and comment...
