In this Chart u see everything u need to know in order to validate the correct market phase for Doge, hence entering a trade or closing one.
In The past 24 hours the price did break out from the falling wedge structure (orange wedge) which is a signal for a possible trend shift/turning point.
From that point price did consolidate a few hours sideways which could indicate reaccumulation. (whales building new positions)
the important part here is that price reclaims the green ditet level around 0.046 $. the question is whether price makes here (green) a LOWER HIGH or a new higher low which will lead to NEW HIGHS. To increase the probability of the letter price should not fall below
that GREEN Support Box level.
I hope that helps out
In The past 24 hours the price did break out from the falling wedge structure (orange wedge) which is a signal for a possible trend shift/turning point.
From that point price did consolidate a few hours sideways which could indicate reaccumulation. (whales building new positions)
the important part here is that price reclaims the green ditet level around 0.046 $. the question is whether price makes here (green) a LOWER HIGH or a new higher low which will lead to NEW HIGHS. To increase the probability of the letter price should not fall below
that GREEN Support Box level.
I hope that helps out
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.