Always, First I am trying to find the location of the price on charts (where are we now on chart?!), about Dogecoin, I can say; it passed Main Wave 3 at 0.74$, and now Dogecoin is running in microwave C of microwave Y of Main wave 4.
Where is the end of Main Wave 4?
🎯Target🎯: 0.89$ until 0.65$ [At my TRZ (Time Reversal Zone)]
🔅RSI analyze: RSI is moving in Descending Channel while it is near the downtrend line of the channel. I tried to show you the next movement of RSI 👇
🔴Resistance Zones🔴 & 🟢Support Zone🟢 that we have in front of Dogecoin.
🔴Resistance zones on Dogecoin's way:
🔴Resistance zone: 0.36$ until 0.29$ (Resistance + Cluster of Fibs + Yearly Support 1 + SMA 50 (Timeframe Daily))
🔴Resistance zone: 0.18$ until 0.16$ (Resistance + Cluster of Fibs +Yearly Pivot Point )
🟢Support zone on Dogecoin's way:
🟢Heavy Support zone: 0.089$ until 0.065$ (Support + Cluster of Fibs+ 🎯Target🎯)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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