DOGE drops after BTC correction
Dogecoin / TetherUS BINANCE:DOGEUSDT
Hello everyone, let’s take a look at the DOGE to USDT chart over the 4 hour timeframe. As you can see, the price has dropped below the local uptrend line.
Let’s start with the designation of the support line and as you can see the first support in the near future is $ 0.137, if the support breaks down, the next one is $ 0.125 and $ 0.11.
Now let’s move from the resistance line as you can see the first resistance is $ 0.147, if you can break it the next resistance will be $ 0.153 and $ 0.158.
Looking at the CHOP indicator , we can see that in the 4-hour interval most of the energy has been exhausted.
![[Bitcoin] Fail to support the bull trend channel..](https://thebitcoinstreetjournal.com/storage/2022/03/2276505-JSuG_mid.png "[Bitcoin] Fail to support the bull trend channel..")