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Dogecoin Technical analysis

Hello everyone welcome back to another update

Hello ladies and gentlemen as you can see on Doge I mentioned the fact that it's going to be very crucial from a bullish case scenario for us to break Above This major midterm resistance and you can see that as of right now doge is now officially testing this level once again more times this level is tested the higher chances of it breaking but our main level of resistance we want to pay attention to is, of course, 0.193$ if we end up seeing Doge break above that zone this is going to cause a massive short squeeze because looking at previous price analysis this level, of course, was Act as a crucial resistance in any clean break Above This Zone and we can start heavily focusing into our last remaining resistance at 0.21$ now in terms of the 4Hour perspective as long as we are above the 0.168$ region I told you that we are looking for long opportunities on Doge

Friday if we see any sort of bearish news and Doge does end up breaking below those EMAs and retesting them as resistance then we would pretty much just fall back right into that same price action the only issue that I see right now with Doge of course now is the fact that we are in a crucial ladder case towards the upside when you are in a situation like this where you have a slow ladder case towards the upside it usually ends into an elevator down

At the daily time frame though you will also, notice that we are completely leveraged from our exponential moving averages this is why I would be only looking for scalping opportunities on Doge unless of course we break above 0.19 we don't necessarily want to end up getting caught into this move set right here in terms of a midterm resistance because you can see from Doge before we have seen this happen multiple times we have ended up retesting this Zone failure patterns in terms of resistance and then ended up falling right back into those lows

I'm suggesting to you if you are looking for trading opportunities on Doge as of right now you just want to be trading in terms of a midterm resistance and then exiting on the trade of 0.193$ if of course the Bulls manage to break Above This Zone later tonight and then we end up using that level as support tomorrow morning then that would be a different confirmation but right now we just want to enter into the resistance you want to be trading into that level exiting on that level and then waiting for the next confirmation but that's pretty much

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