Dogecoin / BitcoinUpdated DOGE/BTC / 30min / Support holding
This is not financial advice, this is just my perspective.
Doge seems to be holding the 0.50 fib retracement from the current trend, been tested twice, on same level as a older support/resistance,
20 MA seems to be supporting the trend
Stoch RSI is also extremely oversold on the 30min chart
Could also say a wedge is forming and could be the retracement before a next move (related to my previous idea)
I would say if it falls below the .50 fib (.00000122) level we could speak of a new downtrend.
Let me know what you think.
Don't forget to follow if you would like to see more alt coin charts in the future. Bless you all.
Doge seems to be holding the 0.50 fib retracement from the current trend, been tested twice, on same level as a older support/resistance,
20 MA seems to be supporting the trend
Stoch RSI is also extremely oversold on the 30min chart
Could also say a wedge is forming and could be the retracement before a next move (related to my previous idea)
I would say if it falls below the .50 fib (.00000122) level we could speak of a new downtrend.
Let me know what you think.
Don't forget to follow if you would like to see more alt coin charts in the future. Bless you all.
Note
Buyers are fighting the support around 120Note
Tested the .50 fib level and and went back up.Uptrend soon?
Mr Elon Musk please guide us.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.