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31.03.202308:27 Forex Analysis & Reviews: Technical Analysis of Daily Price Movemet of Doge Cryptocurrency, Friday March 31, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 31.03.2023 analysis

On the daily chart, the Doge currency looks to be moving in a ranging condition in the past few days where this is confirmed by the movement of the 21 EMA which moves within the bodies of the candles even though the dominance of sellers seems to be reappearing where this can be seen by the appearance the Rising Wedge pattern and the Bearish 123 pattern so that in the next few days the Doge has the potential to fall down to the 0.06839 level as the first target and the 0.06110 level as the second target if the momentum and volatility are sufficiently supportive. a significant upside correction, especially if it goes above the 0.07911 level because if this level is successfully broken it will abort the downside scenario that has been described previously.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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