doge...long-term analysis...4 reasons for long position
hello guys...
I have prepared for you a multi-time frame analysis of the Dogecoin.
As you can see in the chart, this cryptocurrency is in the 1-descending channel and the upper line of this channel has been touched many times and strengthens the possibility of an upward break.
Also, there is a 2-kink between the two spike movements, which can be seen as a gray rectangle.
Also, these two ranges form a triangular range(showed as green color) with the long-term 3-trend line, which is very suitable for buying and holding positions.
On the other hand, this triangle is located in the 4-Fibo 1.6 area.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
I have prepared for you a multi-time frame analysis of the Dogecoin.
As you can see in the chart, this cryptocurrency is in the 1-descending channel and the upper line of this channel has been touched many times and strengthens the possibility of an upward break.
Also, there is a 2-kink between the two spike movements, which can be seen as a gray rectangle.
Also, these two ranges form a triangular range(showed as green color) with the long-term 3-trend line, which is very suitable for buying and holding positions.
On the other hand, this triangle is located in the 4-Fibo 1.6 area.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
👉my recommended broker:
bit.ly/HYCM-M
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My telegram channel:
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bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
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