Keeping it simple with everyone's favorite Pet!! DOGEUSD!!Hello Trading View Community,
Pretty simple and right to the point analysis with DOGEUSD. After printing a double bottom on the support zone, its moved its way up to $0.28 price area which is now acting as primary resistance zone. If DOGEUSD is able to claim this zone, a move up to 0.5 Fib level*** (see below) would be a possible target zone. If we see a rejection here, then a retest of EMA cluster as support would be next.
Thank you guys for checking out this idea on DOGEUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise.
***Although 0.5 is commonly used as par of Fibonacci analysis, it's not a true fib level.***
