[Doge] Professional technical analysis based on price action
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