🐕 Nearest strong support zone: around the 0.382 fibo level of the upward wave.
🐕 Nearest strong resistance zone: around recent highs.
🐕 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
🐕 Price action: Doge bounces off the moving average and heads south again, not much has changed since yesterday. There was a tentative attempt to attack downward during the Asian session but the move was pulled out. I still think that we still have space for declines, which may materialize in the second half of the current week.
📉 The scenario I'm playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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