- Dogecoin broke key round support level 0.2000
- Likely to fall to support level 0.1600
Dogecoin cryptocurrency is under bearish pressure after the earlier breakout of the key round support level 0.2000 (former strong resistance from March) coinciding with the support trendline of the daily up channel from March.
The price briefly corrected up to test the broken price level 0.2000 (acting as the resistance after it was broken) – after which it continued to fall in the active impulse wave 3.
Dogecoin cryptocurrency can be expected to fall to the next support level 0.1600, former low of wave (iv) from the start of May.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to [email protected] for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to [email protected] for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to [email protected] for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to [email protected] for PR and media inquiries
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.