29.09.202307:17 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday September 29, 2023.

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Although on the 4 hour chart Doge Cryptocurrency seems moving inside the Bearish Pitchfork channel, but with the appearance of Bullish 123 pattern which followed by Bullish Ross Hook (RH) as well as its price movement which moves and above its Moving Average give the clue that there is the potential to Doge to continue upward retrace, However, because the Stochastic Oscillator is already above the overbought level and is preparing to plunge again below level 80, which indicates that there will be another weakening, but as long as this decline does not succeed in breaking below the 0.06080 level, Doge in the near future has the potential to strengthen to the level of 0.06195 as the main target and level 0.06339 as the second target.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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