🐕 Doge Continues Decline To Support Zone

6 Feb 2023

🐕 Doge Continues Decline To Support Zone

🐕 Nearest strong support zone: around the fibo level 0.236 of the downward wave.

🐕 Nearest strong resistance zone: around the fibo level 0.382 of the downward wave.

🐕 Technical environment:

📊 Moving averages: Uptrend

📊 MACD: Downtrend

📊 RSI: Downtrend

🐕 Price Action: Doge continues its way south for another day in a row, as I wrote in the last post, there is a very high probability of testing the support zone once again. It looks like the correction in the whole crypto market may still take a while, for now I will watch the price reaction on the nearest support zone, although in my opinion there is a high probability of breaking through it.

📉 The scenario I am playing out is a continuation of the downward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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