DOGE/USDTDogecoin (DOGE) rebounded off the strong support at $0.12 on Feb. 12, suggesting that the bulls have not yet given up and are buying on dips.
The relief rally is likely to face strong resistance at the moving averages but the positive divergence on the RSI favors the buyers. If the bulls push and sustain the price above the 50-day SMA ($0.14), the DOGE/USDT pair could rise to $0.17.
A break and close above this level will complete a double bottom pattern, which has a target objective at $0.22. Conversely, if the price turns down from the moving averages, the bears will fancy their chances and try to sink the pair below $0.12. If they succeed, the pair could drop to $0.10.
Anylasis
XAU/USD BULLS LOOKING WEAKGold Bulls are finding it hard to push pst 1505 (BLUE LITTLE LINE ON CHART SHOWS WHERE TESTED THIS THEORY AND IT HAS GONE DOWN FROM 1505 3 TIMES 2 ARE MARKED)
with the support level being at 1496 i believe we will go to this level again to retest with then breaking the support level and potentially dropping to 1480 zone