Paws Up: Doge Gains Momentum, Eyes 0.23222 Resistance
Hello there
Doge has pushed up from the 0.18617 low and is now losing momentum in the 0.20769 area.
So we want to see the price go above that area, preferably to a higher low and close above 0.20790.
Above 0.20790, there's potential resistance at 0.23222. The bias is towards the 0.28175 area, the target level is 0.26589.
Now if the price loses momentum and goes against our desired direction, it will invalidate the setup if it breaks 0.15922, or we might consider cancelling the setup in the downward range if there is no seeming improvement.
Happy Trading
K.
Doge has pushed up from the 0.18617 low and is now losing momentum in the 0.20769 area.
So we want to see the price go above that area, preferably to a higher low and close above 0.20790.
Above 0.20790, there's potential resistance at 0.23222. The bias is towards the 0.28175 area, the target level is 0.26589.
Now if the price loses momentum and goes against our desired direction, it will invalidate the setup if it breaks 0.15922, or we might consider cancelling the setup in the downward range if there is no seeming improvement.
Happy Trading
K.
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