DOGE – Doesn't Look Good
Let’s see how DOGE is behaving.
This is a 4H chart. (Mid Term Term)
Price is pushing down on support. There are no dynamic support levels for now.
Fib Retracement levels show one support area and three resistance areas on the way up.
Once support is solid which is being challenged right now.
Support levels: $0.1098
Resistance Area: $0.1156 – $0.1242
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing SELL volumes for DOGE.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that DOGE is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It’ll help you have better readings:
Current Market Price: $0.1133
Let me know your ideas.
Good luck.



