This DOGE 30-minute chart offered a textbook reversal sequence:
Price was riding a clean ascending trendline with support from moving averages and strong bullish structure. But things shifted fast.
We saw:
– A clear MACD bearish divergence (momentum fading as price pushed higher)
– A trendline break and lower high, signaling loss of bullish control
– Former support flipped into resistance, confirming the structure shift
– Price now consolidating near the last major demand zone
If this zone breaks, expect continuation lower. If it holds, this could become a temporary bounce area — but momentum is clearly in the bears’ hands for now.
Zoom out for confluence and track price behavior around this zone for your next move.
#DOGE #CryptoTrading #TechnicalAnalysis #MACD #ReversalSetup #TrendlineBreak #SupportResistance #QuantTradingPro
Price was riding a clean ascending trendline with support from moving averages and strong bullish structure. But things shifted fast.
We saw:
– A clear MACD bearish divergence (momentum fading as price pushed higher)
– A trendline break and lower high, signaling loss of bullish control
– Former support flipped into resistance, confirming the structure shift
– Price now consolidating near the last major demand zone
If this zone breaks, expect continuation lower. If it holds, this could become a temporary bounce area — but momentum is clearly in the bears’ hands for now.
Zoom out for confluence and track price behavior around this zone for your next move.
#DOGE #CryptoTrading #TechnicalAnalysis #MACD #ReversalSetup #TrendlineBreak #SupportResistance #QuantTradingPro
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Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.
Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.