DOGE/USD: Pullback Offers Questions And Opportunity

Technically, traders should ask where the greatest risk reward opportunities exist in the short term. The notion that DOGE/USD has come off early highs and is near short-term resistance could prove attractive for traders who seek buying positions and believe upwards momentum may be embraced. If DOGE/USD sustains its current values near the 20-and-a-half cents ratio or drops a little lower but doesn’t seriously test 20 cents below, now may prove the time to try and catch a wave higher in the cryptocurrency. It is a speculative wager and risk management must be used, but buying DOGE/USD may prove to a worthwhile task short term.

Dogecoin Short-Term Outlook:

  • Current Resistance: 0.20750000
  • Current Support: 0.20250000
  • High Target: 0.21750000
  • Low Target: 0.19750000

(Click on image to enlarge)

DOGE/USD

1 2
View single page >> |

Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.