For your attention, the DOGEUSDT chart trading pair on a 3-day time frame.
The downward trend at the DOGEUSD price has been going on for more than 14 months and speculative interest in this manipulative coin has most likely disappeared in many.
But on the other hand, there are probably many investors who are stuck in this coin and the deposit is now in a slump
Most likely, this idea is primarily for them.
More than a month, the DOGE price consolidating in the liquidity zone of $0,04-0,08. It was in this liquid zone at the beginning of 2021 the DOGEUSDT price consolidated before the final pump by 1400% in 2021.
Currently, we do not believe that such a powerful pump will be organized in the near future. However, at the moment, a “Double bottom” reversal pattern is forming, just like at the beginning of 2021.
The first strong resistance level from above is $0,08, the next is $0,1
The negative scenario will activate if the sellers manage to fix the price below $0,04, then a continuation of the strong fall in the Dogecoin price is possible
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each “like under the idea” boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier 🙂
