DOGE market analysis, April 15:
Yesterday's market direction was basically correct, but the actions of the dog dealer were elusive, and the price gap slightly deviated from expectations, which showed the unpredictability of the dog dealer.
On the daily chart, the price fluctuated upward in the falling range of the Bollinger channel, forming a cross star.
The long and short forces are still in fierce competition today. The MACD indicator shows that the short volume is strong, and the fast and slow lines are both showing a downward trend. The lower support level is near the MA60 line, about 0.154.
On the 4-hour chart, the price is under pressure and fluctuates upward above the Bollinger middle line. The MACD indicator shows that the long volume has increased again, but the KDJ indicator shows that the upward momentum has weakened, and the J line has turned high, indicating that the price may rise and then fall. The pressure level is still at today's high.
On the 1-hour chart, the price began to fall back and is located in the Bollinger rising channel. The MACD indicator shows that the long volume is shrinking, and the KDJ indicator has a dead cross downward, and the support level is about 0.157.
Short-term trend:
If the price does not fall below the support level of 0.157-0.148 in the evening, it is expected to hit today's high again. However, the upper 0.186-0.174 position is still under pressure and may continue to pull back.
Short-term focus:
Short-term pressure level: 0.170-0.186
Short-term support level: 0.157-0.148
The above is my personal analysis of today's DOGE market, for reference only.
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