আরও দেখুন
29.11.2023 07:24 PMThe price of Dogecoin climbed as much as 0.0831 where it has found resistance. Now, it has slipped lower and is trading at 0.0799 at the time of writing. Bitcoin turned to the downside after failing to make a new higher high, so the altcoins dropped as well.
DOGE/USD is up by 0.03% in the last 24 hours and by 7.51% in the last 7 days. Bitcoin's deeper drop should drag the altcoin down as well.
As you can see on the H1 chart, the price rebounded and climbed higher within a minor channel (flag pattern). You knew from my previous analysis that this could be only a temporary growth and that the channel may represent a bearish formation.
It has registered a new false breakout above the broken uptrend line and through 0.0817 upside obstacle signaling that the swing higher could be over.
Dropping below the 0.0796 immediate support may announce a potential drop below the minor uptrend line. Activating the flag formation could open the door for a swing down. This could bring us new selling opportunities.
Our new app for your convenient and fast verification
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
