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Dogecoin Technical analysis

Hello everyone welcome back to another update

When realistically looking at Doge we are pretty much in the same price action range that we've been in for the past 3 weeks now I do want to talk about of course this massive capitulation Zone that we are currently testing our exponential moving averages we did have a nice short squeeze opportunity right here at the 0.061$ range but we didn't see the volume Contin continue you can see that from previous price analysis, I mentioned the fact that when we originally saw this massive dump opportunity we were looking for a possible retest on 0.07$ before that continuation but you can see that we didn't even get near that level we actually rejected at 0.067$ and then immediately saw the dumb

I'm paying attention to Doge instead of the See what happens now that we've seen In this larger consolidation Zone the reason for this is looking at previous price analysis you can see that the last time we had a large consolidation Zone we ended up losing support and seeing a massive capitulation usually after a huge dump opportunity we tend to see another consolidation before another continuation toward the downside

Those of you who have been watching my content for a very long time you guys already know I mentioned that 0 043 the Weekly support level is going to be a very crucial range and the reason for That is you can see that we have already been at 0.057 multiple times this isn't the first time that we've been in this price range you can see from back in May as Well we were in the same consolidation Zone and then we saw a nice breakout opportunity but we didn't see the volume come into the market instead we saw a very nice fake out rejecting the key resistance at 0.16 and then pretty much falling right back into the same Zone

We are currently trading in As of right now the difference here though of course is the 0.043 support level which looking at the previous price analysis during the Bull Run of 2021 that level acted as a support you can See that we saw the breakout opportunity retested that range as support and then saw the larger consolidation before continuation and that's exactly what I'm going to be paying attention to as of Right now trading below the exponential moving averages on The Daily time frame of course, is also tells us the fact that the Bulls are not ready to reclaim these highs just yet and if we do see Another dump opportunity I would be a buyer around 0.043 just for a very quick scalping opportunity the reason I'm saying this and not for a huge buying opportunity of 0.043 specifically is because of the the fact that I'm not interested in trading any altcoins for the long term just yet I do think that we are going to bring new lows created on these altcoins with these slow bleed P opportunities and doge is not any different if we do see that retest on 0.04 three and end up seeing a break formation and using that level as resistance ladies and gentlemen unfortunately there is going to be a lot more bad news coming for Doge overall but that's pretty much

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