InvestMate 🐕 Doge Doesn't Give a Chance for Increases 🐕

7 Feb 2023

🐕 Doge Doesn't Give a Chance for Increases

🐕 Nearest strong support zone: around the 0.382 fibo level of the upward wave.

🐕 Nearest strong resistance zone: around recent highs.

🐕 Technical environment:

📊 Moving averages: 50/50

📊 MACD: Downtrend

📊 RSI: Downtrend

🐕 Price action: Doge bounces off the moving average and heads south again, not much has changed since yesterday. There was a tentative attempt to attack downward during the Asian session but the move was pulled out. I still think that we still have space for declines, which may materialize in the second half of the current week.

📉 The scenario I'm playing out is a continuation of the declines. 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.

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8 Feb 2023

Nota