Market & Ticker: Ethereum – DOGE/USDC

Date: 12/11/2024

Horizon / Timing:  Tactical Mid-term / 1 to 3 months

Scenario: 

DOGE is confirming a bullish dynamic after having reached and surpassed 0,19 tactical resistance. As long as 0.25 remains a support valid in daily close we do expect an imminent further bullish reaction towards 0,52 and 0,83 strategic resistance

Technical Key Elements:

• RSI indicators is > 50% without divergence
• The Moving average are support and accelerating
• Fibonacci key resistance area at 0,52 before 0,83 and support at 0,25

Trade Idea conclusion: Buy

• Target 2: 0,83
• Target 1 : 0,52
• Strategic/Tactical Support: 0,25
• Target alternative: 0,19

Chart: Daily Basis (Candle Stick) - Logarithmic 

Indicators: Exponential Moving Average (21/34/89) - RSI (21)

Disclaimer: The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.