01.09.202306:55 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday 01 September 2023.

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From what we can see on the 4 hour chart of Doge Cryptocurrency, then it is clear that Doge is in the middle of Sideways conditions, but it looks like after test the support level which is formed from Bullish Orderblock at the level 0,06284 which acts as a fairly well support, Doge currently has the momentum to rise upwards to test the 0.06697 level. If this level is successfully broken upwards, Doge will continue its strengthening rally up to the 0.07053 level, but all of these strengthening scenarios will automatically cancel by themselves if they are on their way to Doge suddenly corrected these levels again and penetrated below the 0.06182 level because if this level is broken, the strengthening rally setup that was previously described will become invalid.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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