Technical Analysis
DOGE/USDT [1D]
June 21
────────
💰 Current Price: 0.160 USDT
📊 Volume: 190,642,137 DOGE
🔥 Average Volatility (ATR): 0.0112 USDT (7.26%)
🔻 Overall Trend: Bearish with oversold signals
- RSI(14): 31.15 → Approaching oversold territory.
- CCI(14): -124.47 ⚠️ → Confirmed oversold condition.
- Bollinger Bands: Price near the lower band → Bearish pressure, but possibility of a technical rebound.
- MACD: Active bearish crossover → Negative momentum.
- MOM(10): Below 0 → Persistent bearish momentum.
- ADX: Weak bearish trend → Lack of directional strength, could anticipate consolidation.
- TD Sequential: 10 candles down → Approaching the end of a potential bearish sequence (exhaustion zone).
- Parabolic SAR: Active bearish signal.
- SMA(50): Price below → Negative technical bias.
────────
📈 Movement Speculation and Suggested Strategy:
────────
🎯 Scenario 1 - Possible Technical Rebound:
💡 Oversold conditions and extension in the drop could enable a rebound towards resistance levels.
- Entry: 0.160
- TP1: 0.172 (Minor resistance + mid-range of BBands)
- TP2: 0.184 (Proximity SMA(50))
- SL: 0.151 (recent lows + lower ATR margin)
🎯 Scenario 2 - Bearish Continuation (if support breaks):
💡 If it breaks the 0.150 area with volume, the pullback could extend.
- Entry (on breakout): 0.149
- TP1: 0.140
- TP2: 0.132 (psychological zone and previous support)
- SL: 0.157
DOGE shows bearish fatigue after 10 candles of pullback and oversold signals, which opens the door for a short-term technical rebound 📈, although the structure remains bearish 🧨. The volume is relatively high, providing liquidity for quick movements.
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
#Analysis_E_tp_sl
vc_custy
🫖☕️😎
