1. DOGE/USDT
Technical data:
Time frame: 1 hour
Opening price: 0.43250
Highest price: 0.43344
Lowest price: 0.43010
Closing price: 0.43344
Trading volume: 83.364M
MA (Moving Average): 0.43250 (10 periods)
RSI: 64.22 (close to overbought zone)
MACD:
Fast lane: 0.00100
Slow Line: 0.00337
The crossover is positive (bullish signal).
Reading Japanese Candlesticks:
Patterns:
Hammer candle: Indicates a possible bullish reversal after selling pressure.
Inverted Hammer: Indicates a possible uptrend after a downtrend.
Interpretation:
A large green candle represents a rising demand for DOGE.
The next smaller candle may indicate hesitation by traders, while the hammer candle shows buying pressure that may reverse the market direction.
Technical levels:
Support areas: 0.43010
Resistance areas: 0.44210
Entry Points: Buy above 0.43344
Exit Points: Upon reaching 0.44210
Stop Loss: Below 0.43000
Recommendations:
Entry when 0.43344 is broken while watching the resistance levels at 0.44210.
Keep stop loss at 0.43000.
If the upward momentum continues, 0.44210 could be reached.
2. PEPE/USDT
Technical data:
Time frame: 1 hour
Opening price: 0.00002205
Highest price: 0.00002224
Lowest price: 0.00002200
Closing price: 0.00002202
Trading volume: 530.993M
MA (Moving Average): 0.00002220 (10 periods)
RSI: 60.88 (indicates somewhat stable movement)
MACD:
Fast lane: 0.00000004
Slow line: 0.00000007
Positive sign but need to be careful due to volatility.
Reading Japanese Candlesticks:
Patterns:
A red candle indicates weak momentum and difficulty in continuing the upward trend.
Doji candle: shows a great deal of indecision in the market, with uncertainty between buying and selling.
Interpretation:
The current trend may indicate profit taking or hesitation among traders. Pay attention to price fluctuations around support and resistance levels.
Technical levels:
Support areas: 0.00002200
Resistance areas: 0.00002224
Entry Points: Buy when resistance level 0.00002224 is broken
Exit Points: Upon reaching 0.00002250
Stop Loss: Below 0.00002190
Recommendations:
Entry when above 0.00002224 while watching the resistance level 0.00002250.
Stop loss at 0.00002190.
Given the frequency of the Doji candle, caution and anticipation are advised before making entry decisions.
Summary and recommendations:
DOGE/USDT is showing bullish momentum, with positive signals from the MACD bullish crossover and candles supporting the trend. Recommendation: Buy on a break of 0.43344 with a stop loss below 0.43000. Target 0.44210 while monitoring the momentum.
PEPE/USDT is showing hesitation in the market, with signs of red candles and a doji candle indicating uncertainty. Recommendation: Buy on a breakout of 0.00002224 with a stop loss at 0.00002190, but watch the market movement closely.
DOGE is more powerful in bullish momentum
PEPE requires more caution and waiting to determine the direction
This is not investment advice but a personal opinion that may be right or wrong so you should do your own research and good luck to all
