$DOGE
DOGE/USDT shows conflicting signals across different timeframes. In the short term (15 min), the trend appears bearish, while in the long term (4 hours) a clear bullish trend is observed. The 1-hour chart shows a transitional phase, with a possible reversal of the short-term bearish trend.
Key Points:
* Trend: The main trend (4 hours) is bullish, but in the short term (15 min) a bearish correction is observed. It is crucial to determine whether this correction is temporary or the start of a larger trend change.
#Dogecoin #doge Supports and Resistances:
* The level of 0.44240 (resistance on the 1-hour chart) coincides with the resistance on the 4-hour chart (0.44180), making it a crucial level to surpass to confirm the continuation of the bullish trend.
* The area of the MA(99) on the 1-hour chart acts as immediate support. A break below this level could indicate a continuation of the bearish correction.
* On the 4-hour chart, the MA(7) and MA(25) act as dynamic supports in case of pullbacks.
Indicators:
* The RSI on the 4-hour chart shows healthy bullish momentum, while on the 1-hour and 15-minute charts the momentum is weaker.
* The moving averages on the 4-hour chart confirm the bullish trend, while on the 15 min chart they suggest a bearish trend. The 1-hour chart shows a recent bullish crossover of the short-term moving averages, which could anticipate a trend change.
Possible Scenarios:
* Bullish Scenario: The price breaks the resistance at 0.44240 with increasing volume, confirming the continuation of the long-term bullish trend. Bullish targets would be at 0.45164, 0.48000 or higher.
* Bearish Scenario: The price breaks below the MA(99) on the 1-hour chart and continues the bearish correction, with possible targets at 0.41903 or lower.
