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Cryptoknowmics 2022-04-12 09:46:13

DOGE Technical Analysis: Risk Of Falling To $0.1

4 weeks of DOGE cryptocurrency growth allowed the price to rise by 50%. After testing the $ 0.1796 mark, buyers touched the middle line of the falling channel, in which the price has been moving since June 2021. We talked about the test of this mark and the price rebound in our previous scenario. The 4th week of the DOGE price growth ended with a clear hint of buyers’ weakness. Pay attention to the weekly candle from 4 April. For the last 4 weeks, this candle has been traded at the highest trading volumes. However, more effort was not given to buyers. https://www.tradingview.com/x/TKRiuGEg/ The weekly candle closed near the opening price and formed a pin-up. Thus, sellers declared themselves and restrained the aggression of buyers with limited orders. The trading week on 11 April began with a local reduction of the DOGE price. In just one day, sellers were able to absorb the two previous weekly candles of buyers. The DOGE price stopped in the range of $0.135. This is the main buyers’ support, which separates from the sharp price fall of DOGE to $0.1. Given the dynamics of the fall, the probability of maintaining the mark of $0.135 is not high enough. Our fears may be confirmed by a sluggish price rebound on a smaller timeframe from $0.135. Technical Analysis Of DOGE On The Daily Timeframe https://www.tradingview.com/x/6BzzRkX9/ Analyzing the movement of the DOGE price on the daily timeframe, you can see how sellers publicly de...

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DOGE Technical Analysis: Risk Of Falling To $0.1

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