DOGE - AT THE GLANCE - FROM LT TO ST
M1 : Volatility, volatility and volatility...
W1 : Weekly pivot level @ 0.4715
D1 : Former uptrend support line broken. Pullbacks attempt
without success for the time being !
H4 : Under the influence of a double top formation (trigger level @ 0.51733)
and target @ 0.2932 !
Currently attempting to recover above the DT trigger level. Below the clouds
and still below MBB (watch next H4 closing for clues)
H1 : Currently within the clouds moving in a sideways price action in trying to upside breakout the clouds
watch 0.5036, 0.5118 ahead of 0.5200 as next resistance level.
Only a sustainable move above 0.5200 would neutralise the ongoing downside risk.
M30 : Sideways price action, currently testing the top of the clouds support zone around 0.5000
Clouds support @ 0.4800
M15 : Sideways price action, "surfing" around the thin clouds area
M5 : Sideways price action, watch clouds support on the downside and 0.5050 on the upside as first indicators level
on this very short term time frame.
CONCLUSION : AS LONG AS THE DOGE IS BELOW 0.5200 THE DOWNSIDE RISK WILL REMAINS CALLING FOR LOWER LEVELS !!!
W1 : Weekly pivot level @ 0.4715
D1 : Former uptrend support line broken. Pullbacks attempt
without success for the time being !
H4 : Under the influence of a double top formation (trigger level @ 0.51733)
and target @ 0.2932 !
Currently attempting to recover above the DT trigger level. Below the clouds
and still below MBB (watch next H4 closing for clues)
H1 : Currently within the clouds moving in a sideways price action in trying to upside breakout the clouds
watch 0.5036, 0.5118 ahead of 0.5200 as next resistance level.
Only a sustainable move above 0.5200 would neutralise the ongoing downside risk.
M30 : Sideways price action, currently testing the top of the clouds support zone around 0.5000
Clouds support @ 0.4800
M15 : Sideways price action, "surfing" around the thin clouds area
M5 : Sideways price action, watch clouds support on the downside and 0.5050 on the upside as first indicators level
on this very short term time frame.
CONCLUSION : AS LONG AS THE DOGE IS BELOW 0.5200 THE DOWNSIDE RISK WILL REMAINS CALLING FOR LOWER LEVELS !!!
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