DOGEUSDT heading up for next resistance around 0.08425 zone

Lång

Dogecoin / TetherUS (BINANCE:DOGEUSDT)

Uppdaterad

BINANCE:DOGEUSDT Dogecoin / TetherUS

trendanalysis chartpattern indicator doge dogecoin dogeusdt dogeusd dogeusdtlong dogeusdtbuy dogeusdtperp dogeusdtidea dogeusdtanalysis

DOGEUSDT seems to be showing strength as it started trading above the 4h resistance 1 zone. This opens the path towards 4h resistance 2 zone, The price may follow L1, S2 and L3 path.

Trade stängt manuellt:

SO the price started upward movement after breaking out from that 4h resistance 1 zone as expected but could not follow through. It even could not complete the pathnL1 and fell back to the previous 4h resistance 1 zone again. That did not bode and indeed the price started trading below the resistance zone. It might be fake breakdown like a fake breakout but as a day trader a I would not hold to a long position. I will consider a long position if price starts trading above that resistance zone again.

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