Market Analysis of DOGEUSDT on Monday 16 DECEMBER 2024

2024-12-16 17:43Fonte:BtcDana

DOGEUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


DOGEUSDT running in positive trend and its immediate strong support are 0.3966 to 0.4022 level .  Stop loss is 0.3650 level and it can rise towards .4256 level because irregular correction made at level of 0.4256 shown in graph   . Intraday purpose buying is better for targets 0.4065, 0.4090 and 0.4120 levels respectively with stop loss 0.3650 level.


QUICK FUNDAMENTAL LOOK                                                                    


Bitcoin and Dogecoin are two of the most watched cryptocurrencies this cycle, with increases in the Bitcoin price mostly flowing into that of Dogecoin. At some point, the price correlation between the Dogecoin price and that of Bitcoin was at 0.97.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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