Maradok 
Kereskedési feltételek
Products
Eszkozok
Dogecoin rose to the $0.0685 highs intraday on Friday, as the lower degree counter-trend still seems to be unfolding. The crypto is seen to be trading at around $0.0668 at this point in writing and is expected to turn lower towards $0.0575 as discussed earlier. Bears might be poised to hold prices below $0.0700 to keep the near-term structure intact.
Dogecoin has been dropping since May 2021 after printing all-time highs at around 0.7560 as seen on the daily chart. The corrective zigzag (5-3-5) structure looks complete and terminated close to $0.0490. Also, note that prices have just tested the long-term support seen at $0.0484, marked on the chart here. Ideally, a counter-trend rally should be on its way
Dogecoin has further carved its lower degree upswing between $0.0490 and $0.0700 in the past few trading sessions. The crypto is unfolding a counter-trend drop towards $0.0575, which is the Fibonacci 0.618 retracement of the recent upswing. If the above structure holds well, bulls will remain poised to resume a rally thereafter and push the price through $0.0900.
Potential rally towards $0.0900 and higher against $0.0490
Good luck!
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
