Dogecoin Technical analysis

Hello everyone welcome back to another update

Hello ladies and gentlemen I see the fact that Doge, of course, has seen a major collapse Doge on The Daily time frame has not hit our exponential moving averages I would be trading with a lot of caution until those exponential moving averages are hit now that we have hit those levels, of course, this is a much better buying opportunity than it was of course up here because this was simply just extreme greed a lot of Traders were hoping for the fact that we just continue lettering up towards the upside and I was your sense of reality letting you know the fact to be very very cautious in between these zones

the 4-hour time frame we have hit the buy Target which I mentioned yesterday at 0.124$ I would be looking for some spot positions at this range of what we want to pay attention to though on the 4-Hour time frame of the course is the exponential moving average retest what we don't necessarily want to see is the Bulls fail to hold or break above that level and we start seeing a continuation back toward the downside we need to see the bulls break above those EMAs use them as support and then we can start focusing back on the major resistance at 0.21$ now of course for those of you that are new to the channel the reason why 0.21$, of course, is a very large resistance is looking at previous price analysis you can see just how many times in the previous Bull Run ...

We had these many test opportunities as well as the fact that when we did see a breakdown formation this level did end up hitting as resistance and then the confirmation once again so this is why I'm paying very close attention to 0.21 but right now the fact is that we had seen a very large move set towards the upside from 0.08 without any sort of corrective move this doesn't mean that doge is, of course, going to zero this simply just means that we are starting to see some more buy pressure happen in the market and this was a healthy correction you are going to see many of these healthy Corrections happen as we go so this is something just a buying opportunity overall...

Keeping in mind on the daily you don't necessarily have to risk the that we haven't test our exponential moving averages right now we we didn't really see the 20 EMA being tested but we did get the 9 EMA retest so that's ideally what you want to do is wait for the 9 EMA now to be tested candle closing and start looking for those spot positions for the continuation I want to talk about this in terms of price predictions I don't really give price predictions because anyone can say oh do is going to be $3 but what reality is is what's on the chart and right now the chart is telling us that the next major resistance is at 0.21$ any break of that level and Doge will end up hitting the 0.35 if not the 0.4$ range that's exactly what we have to look into because right now we are still in a period of consolidation you can see that we have not broken the wick highs just yet so it is a extreme time to be of course cautious and try not to think of the massive Euphoria like everyone else is thinking you just want to be cautious in terms of the current price action but that's pretty much

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