Doge Testing the Lower Resistance
As you see here on the 30 min chart we are currently headed towards the .241 trending zone. What we will be looking for is if we are able to bounce off the resistance heading back towards the top of the wedge. If we do so we should hit the top trending zone which would lead to a retest of the wedge, depending what ensues we may break above .26 moving into the morning.
If we fall below the trending zone (.241) we may hit .229 followed by a retest, this would be a very bearish sign moving into the morning.
If you take a look at the RSI you see we have been in a wedge pattern since June 29th. This is a big time for Doge moving closer to the weekend as we usually have slow moving weekends.
*Not Financial Advice
If we fall below the trending zone (.241) we may hit .229 followed by a retest, this would be a very bearish sign moving into the morning.
If you take a look at the RSI you see we have been in a wedge pattern since June 29th. This is a big time for Doge moving closer to the weekend as we usually have slow moving weekends.
*Not Financial Advice
Related publications
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.