The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The price of Dogecoin climbed as much as 0.0831 where it has found resistance. Now, it has slipped lower and is trading at 0.0799 at the time of writing. Bitcoin turned to the downside after failing to make a new higher high, so the altcoins dropped as well.
DOGE/USD is up by 0.03% in the last 24 hours and by 7.51% in the last 7 days. Bitcoin's deeper drop should drag the altcoin down as well.
As you can see on the H1 chart, the price rebounded and climbed higher within a minor channel (flag pattern). You knew from my previous analysis that this could be only a temporary growth and that the channel may represent a bearish formation.
It has registered a new false breakout above the broken uptrend line and through 0.0817 upside obstacle signaling that the swing higher could be over.
Dropping below the 0.0796 immediate support may announce a potential drop below the minor uptrend line. Activating the flag formation could open the door for a swing down. This could bring us new selling opportunities.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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