empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

29.11.202319:24 Forex Analysis & Reviews: Dogecoin: bullish movement stopped

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.

DOGE/USD 0.0796 Key Support!

Exchange Rates 29.11.2023 analysis

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.

Dogecoin Forecast!

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.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.