Today we'll be analyzing the dogecoin from the 120 chart.
We've seen series of false breakdowns from our amazing trendline which acted as a support and resistance wedge. Unfortunately the recent month low could not form a false breakdown rather we saw the price bouncing off the support.
We could see a potential short term bull ride up to the horizontal wedge resistance or a repeat of March DOGE price summary.
Manage risk accordingly, this is only an insight.
We've seen series of false breakdowns from our amazing trendline which acted as a support and resistance wedge. Unfortunately the recent month low could not form a false breakdown rather we saw the price bouncing off the support.
We could see a potential short term bull ride up to the horizontal wedge resistance or a repeat of March DOGE price summary.
Manage risk accordingly, this is only an insight.
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.