kamalzakhoy

DOGECOIN-DAILY-The price now retests the support around 22 cents

Short
BITTREX:DOGEUSD   Dogecoin
Yesterday, the price broke down the support between 0.2959 and 0.28, and the price went all the way down to the next support area around 0.22. The price now retests the support area between 0.2285 and 0.2150, and it's finding some support at this moment. If another breakdown happens, we expect the price will fall down to the next support at 0.1550. If dreakdown fails, on the other hand, we expect the price will bounce back up to at least 0.28 to retest it as a resistance this time. The main trend on the four hours chart is bearish now, but on the daily chart it depends on whether the breakdown is going to happen or not. If another breakdown happens at 0.2150, then we will have a lower low, and this will be the first indication for the reverse of the trend on the daily chart to bearish. The best place to buy more for the holders is at 0.22 and at 0.15. We will update the chart if anything changes.
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