Pic source

Dogecoin Technical analysis

Hello everyone welcome back to another update

Hello ladies and gentlemen I hope you guys had a Wonder weekend and now we can talk about the current price action on Doge of course, you can see that over the weekend the Bulls managed to hold 0.168$ as support now that this level of course is being used as support we have our exponential moving averages as well as being used as support we can start looking for some long opportunities on Doge but we have to pay attention to the midterm resistance here at 0.188$ once that level ends up breaking out then we are paying attention to our major take-profit level of 0.21$ so I would be a little bit bit more cautious right now if you guys want to enter and be a little bit aggressive then you can start looking into this current range for some long opportunities but for those of you that are a little bit more conservative and want confirmation the 0.188$ if it does end up breaking then that's your confirmation to be looking for the long position

In the daily time frame, you can see that doge is still using our exponential moving averages as the support we are starting to see a little bit more of a lacking volume but with Bitcoin and Ethereum leading the way I'm expecting the Altcoins to catch up sooner or later this leads me into my next point, of course, this massive consolidation that we have seen on Doge for the past few rather a year now if Doge does end up breaking above 0.21$which, of course, is the next major resistance then this is pretty much a free for all territory and that is the next Wick high, of course, is at 0.35$ after that the next Wick high is going to be at all-time high so these are the last major resistance levels that Doge needs to overcome and any break above 0.22$ one is going to be a life-changing opportunity for a lot of you to be paying attention into that zone with the current setup

I'm expecting quite a bit of chop opportunity so, of course, some sideways action this is why I'm telling you guys to pay attention to the wick highs and the midterm resistance is looking for those buying opportunities because you don't necessarily want to get caught out in between this range, you can see that over the weekend we pretty much had multiple Wick opportunities both towards the upside and towards the downside and it stopped a lot of Traders and this is why I suggest you guys trade off the midterm resistance levels but once again being above 0.168$ now officially and using the exponential moving averages as support is a very bullish confirmation as well as Bitcoin's leading the way this is why I am aiming for 0.21$ of course once the midterm resistance level does end up breaking for you guys to be taking those long opportunities but that's pretty much

see you in another update Please Don't forget to upvote, resteem, and comment...