Spring '21 Resistance Halts DOGE, Retracement Coming??Here I have COINBASE:DOGEUSD on the Weekly Chart!
Last week COINBASE:DOGEUSD jumped .15 cents or roughly 102% following the final voting count electing Donald Trump the next President of the USA. Along his campaign, we saw a very heavy Pro-Crypto agenda along with the on-boarding of Elon Musk, known for his interest in COINBASE:DOGEUSD possibly being given a position running a "Department Of Government Efficiency".
Price on COINBASE:DOGEUSD after breaking the Aug - Oct '21 Highs has halted right at the Apr - May '21 Resistance. Now with all the speculations coming out about the imminent RISE of price, where is a good place to start investing before the boom?!?!
Based off the High @ .4398 to the Low @ .0805, just before the Break of Structure, We are given some Fibonacci Levels that align with Potential Buying Opportunities if Price needs Support to continue Higher to the All Time High @ .7605.
*Aug / Oct '21 Highs
.3550 - .3025
23.6% - 38.2%
*Mar / Apr '24 Highs
.2290 - .2067
*Golden Zone
.2178
61.8%