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Ari Trading BR
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$DOGE
You are witnessing a tough battle between the bulls and the bears near the support line of the ascending channel pattern.
The flattening of the 20-day EMA ($0.40) and the RSI near the midpoint do not give a clear advantage to either bulls or bears. If the price rises above $0.43, the advantage will tilt in favor of the bulls. This could push the DOGE/USDT pair towards $0.48 and subsequently towards the channel resistance line.
On the contrary, a break and close below $0.36 could suggest the start of a deeper correction. The pair could fall to the 50-day SMA ($0.34), which is a crucial level for bulls to defend. If this level gives way, the pair could skid to $0.29.
You are witnessing a tough battle between the bulls and the bears near the support line of the ascending channel pattern.
The flattening of the 20-day EMA ($0.40) and the RSI near the midpoint do not give a clear advantage to either bulls or bears. If the price rises above $0.43, the advantage will tilt in favor of the bulls. This could push the DOGE/USDT pair towards $0.48 and subsequently towards the channel resistance line.
On the contrary, a break and close below $0.36 could suggest the start of a deeper correction. The pair could fall to the 50-day SMA ($0.34), which is a crucial level for bulls to defend. If this level gives way, the pair could skid to $0.29.
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