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Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday February 21, 2025.
Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday February 21, 2025.
Crypto-currencies
2025-02-21 08:46:46
After successfully breaking out of the downtrend line (red) and forming a Bullish 123 pattern followed by Ross Hook (RH). Doge corrected and formed a Descending Broadening Wedge pattern and Convergence between Doge's price movement and the Stochastic Oscillator indicator (5,3,3), then it is confirmed that in the near future Doge has the potential to appreciate and strengthen upwards where the level of 0.25790 will be tested to be break and close above it if successful then Doge has the potential to continue its strengthening to 0.27834 as the main target and 0.28762 but if on its way to the target levels suddenly Doge weakens again and closes below 0.24153 then all the strengthening settings that have been described previously will become invalid and canceled automatically.
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