✴️ Dogecoin Strong Support Being Challenged
A very strong support level is being challenged on the Dogecoin chart and we have a way to look at this in a positive way... To make it good news.
We see a confluence of moving averages.
EMA10, EMA21, EMA50, EMA100 all within the 0.0797 to 0.0812 price range... Making this a very important level.
On 18-January we had an ugly looking, strong rejection, bearish candle.
This session closed below all the moving averages sending a bearish signal... The good news, the next day DOGEUSDT moved and close back above this level and today it is trading above it, green.
Trading above this level is important and good as it will open the door for the next bullish jump.
In the case that there is a drop, we still have MA200 at 0.0748 as the next support.
The bulls are ahead... Patience is key!
We should see positive results within just a few days... Not more.
Namaste.
We see a confluence of moving averages.
EMA10, EMA21, EMA50, EMA100 all within the 0.0797 to 0.0812 price range... Making this a very important level.
On 18-January we had an ugly looking, strong rejection, bearish candle.
This session closed below all the moving averages sending a bearish signal... The good news, the next day DOGEUSDT moved and close back above this level and today it is trading above it, green.
Trading above this level is important and good as it will open the door for the next bullish jump.
In the case that there is a drop, we still have MA200 at 0.0748 as the next support.
The bulls are ahead... Patience is key!
We should see positive results within just a few days... Not more.
Namaste.
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