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DOGE – What Now?

DOGE - What Now?

DOGE - What Now?

DOGE – What Now?

Dogecoin / TetherUS BINANCE:DOGEUSDT
ShawnMCR


DOGE - What Now?

Let’s see how DOGE is behaving.
This is a 4H chart. (Mid Term)

We have set out the areas for solid support and resistance . To understand which levels can push the price down in mid-term trading, you can see those two local resistance areas on the chart.

Support levels: $34250
Resistance Area: $40000 – $45800

Bollinger Bands can work as support and resistance too. Here is an example:


Bollinger Bands

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:


RSI (The relative strength index)

Current Market Price: $0.1156

Let me know your ideas.

Good luck.

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