Dogecoin Technical analysis

Hello everyone welcome back to another update

Hello ladies and gentlemen as you can see on Doge we were testing a very key support level yesterday in fact of our exponential moving averages and I mentioned to you that it's probably best to be waiting on the sidelines until we have a clear confirmation in terms of a scalping opportunity yesterday I gave you a very nice scalp long if this midterm resistance level was broken we were looking for a long opportunity but I kept telling you to wait until 0.168$ to decide whether or not the Bulls can end up breaking above that level and using it as support for that continuation or of course if we end up rejecting that zone as of right now, you can see we have a very clean rejection formation as well as the fact that our exponential moving averages are now once again being used as resistance which from the prior move set we did see Fed news come out as neutral which of course caused a very nice bounce opportunity at 0.124$ but now we are looking to head back right back into that same Zone

I tell you to be very patient with your entries and right now what I'm still focusing on heavily is of course the fact that 0.11$ is going to be the second main target I don't think necessarily that doge is in a confirmation for a bullish Trend just yet and the reason for that of course is looking at Bitcoin and Ethereum we are testing some major midterm supports if those midterm support levels are broken that would be bad news for Doge as well and you can see that already today we had quite a few dump opportunities and now Doge is also testing that same major support level where we saw Bitcoin and Ethereum drop

At the daily time frame you can see that we are currently in between our exponential moving averages on The Daily what we need to see of course is some strong bullish momentum which we ended up failing to see of course in terms of our exponential moving average we had the opportunity for that retest and that confirmation instead we ended up getting rejected on that zone and right now like I said I would be heavily paying attention to 0.11$ because looking at previous price analysis this level is the next area of Zone where we had quite a bit of Confluence 0.124$ although it is a decent support level now it has been tested multiple times and of course the more times a support level is tested the higher chances of it breaking but that's pretty much

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