doge...long-term analysis...4 reasons for long position
hello guys...
I have prepared for you a multi-time frame analysis of the Dogecoin.
As you can see in the chart, this cryptocurrency is in the 1-descending channel and the upper line of this channel has been touched many times and strengthens the possibility of an upward break.
Also, there is a 2-kink between the two spike movements, which can be seen as a gray rectangle.
Also, these two ranges form a triangular range(showed as green color) with the long-term 3-trend line, which is very suitable for buying and holding positions.
On the other hand, this triangle is located in the 4-Fibo 1.6 area.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
I have prepared for you a multi-time frame analysis of the Dogecoin.
As you can see in the chart, this cryptocurrency is in the 1-descending channel and the upper line of this channel has been touched many times and strengthens the possibility of an upward break.
Also, there is a 2-kink between the two spike movements, which can be seen as a gray rectangle.
Also, these two ranges form a triangular range(showed as green color) with the long-term 3-trend line, which is very suitable for buying and holding positions.
On the other hand, this triangle is located in the 4-Fibo 1.6 area.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
👉 my broker:: bit.ly/HYMCMELI
____
👉 my exchange: bit.ly/LbankMeli
____
👉 my Autotarder: bit.ly/btse
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
👉 my exchange: bit.ly/LbankMeli
____
👉 my Autotarder: bit.ly/btse
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.