DOGEUSDT.P is consolidating. A range with clear boundaries has formed. Before a possible breakout, a liquidation (false breakdown) may formOn D1, the structure is quite positive. Earlier, the price tested the downward resistance, but there was no reaction (fall) as such. Instead, the price is consolidating within the range of 0.211 (0.205) - 0.23 - 0.253.
Bitcoin, like the entire crypto market, is consolidating within fairly clear boundaries. Based on the current situation, it would be logical to wait for one part of the market to be liquidated before the price can move in either direction. Based on the bullish market, there may be a retest of support in the form of a false break...
Resistance levels: 0.2308, 0.253
Support levels: 0.213, 0.2116, 0.205
DOGE is consolidating with a focus on the 0.23–0.211 range. Against the backdrop of a bullish trend, a liquidation (long squeeze) relative to the lower boundary of the 0.23–0.205 range is possible before growth continues. A false break of support and liquidity capture would be useful maneuvers before implementation. However, if the market is aggressive enough and resistance at 0.23 is broken with subsequent consolidation above this level, it could trigger premature growth.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.