DOGE may be getting ready for its rehearsal...
Price is currently sitting in the 1:1 pocket; along side a High-Volume Node (HVN).
HVN's typically act as strong support/resistance because they represent areas where a lot of market participants have already committed to positions.
With these two support structures (the 1:1 and HVN) price has the potential to bounce up from here to form a wave up and possibly a reversal.
-Not Financial Advice-
Price is currently sitting in the 1:1 pocket; along side a High-Volume Node (HVN).
HVN's typically act as strong support/resistance because they represent areas where a lot of market participants have already committed to positions.
With these two support structures (the 1:1 and HVN) price has the potential to bounce up from here to form a wave up and possibly a reversal.
-Not Financial Advice-
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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.
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.