Dogecoin On The Rise!! .. But For How High??
Updated
Here I have Dogecoin on the Daily Chart!
Starting with Technical Analysis:
Since its visit at the High in Dec. 2023 (.0945 - .1020) Support Zone, Dogecoin has had quite the Bullish Run!
Currently this rally is being halted @ .1363 as Price is testing not only the (.1280 - .1440) Resistance Zone but the Falling Resistance based off the Highs in March & May!
If price is able to overcome these obstacles ..
What lies in wait??
..Previous Highs
1) Price will have to contend with the (.1700 - .1800) Resistance Zone
2) Price will have to contend with the (.1990 - .2200) Resistance Zone
.. After that, well lets just focus on the here and now
*Based on the bearish pressure Dogecoin is facing considering on the Daily, Price is hitting Resistance Bollinger Bands, we could see a drop to the down side to test the (.1280 - .1300) area this rally was able to Break IF the Falling Resistance is able to Hold Price Below it's current High @ .1363.
*IF this drop is contained by the (.1280 - .1300) area and price is able to stay relatively above the 200 EMA, this could be good indication of Bulls in the area ready to push price higher!
Now Fundamentals
There's already been a lot of hype on the cryptocurrency for those who follow the fundamental side of trading with the ENOROMOUS transaction made with said currency:
tradingview.com/news/u_today:c6b49b83c094b:0-800-million-doge-in-1-hour-what-s-happening/
Along with the strong boost to cryptocurrency by the "Pro-crypto stance under Donald Trump's Leadership - should he win - will further fuel enthusiasm."
tradingview.com/news/cointelegraph:27da24fb6094b:0-why-is-dogecoin-price-up-today/
*I currently hold 107 Dogecoins but could be looking to add very soon
-Stay Tuned!
Starting with Technical Analysis:
Since its visit at the High in Dec. 2023 (.0945 - .1020) Support Zone, Dogecoin has had quite the Bullish Run!
Currently this rally is being halted @ .1363 as Price is testing not only the (.1280 - .1440) Resistance Zone but the Falling Resistance based off the Highs in March & May!
If price is able to overcome these obstacles ..
What lies in wait??
..Previous Highs
1) Price will have to contend with the (.1700 - .1800) Resistance Zone
2) Price will have to contend with the (.1990 - .2200) Resistance Zone
.. After that, well lets just focus on the here and now
*Based on the bearish pressure Dogecoin is facing considering on the Daily, Price is hitting Resistance Bollinger Bands, we could see a drop to the down side to test the (.1280 - .1300) area this rally was able to Break IF the Falling Resistance is able to Hold Price Below it's current High @ .1363.
*IF this drop is contained by the (.1280 - .1300) area and price is able to stay relatively above the 200 EMA, this could be good indication of Bulls in the area ready to push price higher!
Now Fundamentals
There's already been a lot of hype on the cryptocurrency for those who follow the fundamental side of trading with the ENOROMOUS transaction made with said currency:
tradingview.com/news/u_today:c6b49b83c094b:0-800-million-doge-in-1-hour-what-s-happening/
Along with the strong boost to cryptocurrency by the "Pro-crypto stance under Donald Trump's Leadership - should he win - will further fuel enthusiasm."
tradingview.com/news/cointelegraph:27da24fb6094b:0-why-is-dogecoin-price-up-today/
*I currently hold 107 Dogecoins but could be looking to add very soon
-Stay Tuned!
Trade active
Price has finally came down to test the Resistance it finally broke and seems to be turning it into Support!!
*Based on the Touch and Reaction of my DSR and price being above the 200 EMA, I think we could see the Bullish power Doge needs to move higher!!
I added $5 worth of Dogecoins upon price visiting .1260!
Note
Price gave us a STRONG Bullish Candlestick pattern at Support, The Morning Star!
After the completion of the Candlestick Pattern, we are given a Bullish Confirmation in the form of a LARGE Bullish Candle breaking not only the Falling Resistance but ALSO Yesterdays High @ .1363!
Dogecoin is going UP!!
Note
Here we see Price is now outlining a Bullish Flag Pattern!
Note
Here we can see price on Doge Wednesday into Thursday made a great retracement to the Fib Entry Zone!
Currently price is battling with the Kill Zone & will need to break the .1439 High from Last Sunday.
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
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