Dogecoin (DOGE) Upward Move Is Stalled Below $0.27 Resistance, May Resume Upward

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bullish
Dogecoin’s (DOGE) price has broken above the moving averages as the altcoin rallied to the $0.28 resistance zone. On October 6 uptrend, the bulls were resisted at the $0.27 high. Dogecoin declined to $0.22 low and resumed a fresh uptrend. Today, the bulls are retesting the resistance level to break above it. Meanwhile, on October 6 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.618 Fibonacci extension or level $0.38.

Daily Chart Indicators Reading:
DOGE is at level 58 of the Relative Strength Index period 14. It indicates that the altcoin is in the bullish trend zone and capable of a further upward move. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

DOGE/USD Medium-term bias: Bullish
On the 4 hour chart, the DOGE price is in an uptrend. The price has broken above the moving averages but faces rejection at the $0.27 resistance zone. Meanwhile, on October 18 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.618 Fibonacci extension or level $0.34.

4-hour Chart Indicators Reading
DOGE’s price is above the moving averages but the uptrend has been stalled. DOGE is below the 80% range of the daily stochastic. The market is in a bearish momentum but the price bars are above the 21-day SMA. The moving averages are sloping upward indicating the uptrend

General Outlook for Dogecoin
Dogecoin is in an uptrend. The current uptrend is stalled below the $0.27 resistance level. The cryptocurrency will rally to $0.34 if the current resistance is breached. The bullish momentum will extend to the high of $0.38.


You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results