DOGEUSD Price Analysis – July 1
The pair exited the month of June almost on -6.0% lower on the level at $0.003221 and the bears have taken control today moving market lower throughout the current session.
Supply Levels: $0.00191821, $0.00241210, $0.00284986
Demand Levels: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Ranging
Earlier during the session, bulls came along but they were subdued by the bears on the level at $0.00338831, while the previous trading range has been $0.000215 and that’s slightly below the last trading month’s daily average range.
The bearish candlestick formed matched today’s price action and DOGEUSD has taken more points towards the supply zone on the level at $0.00284986 but the trend is ranging around key supply and demand levels.
DOGEUSD Short term Trend: Bearish
DOGEUSD is trading close to the key technical support zone on the level at $0.00284986, and the price action based analysis of the 4-hour chart has shown it to have a strong downward momentum currently.
The optimal exit for swing trading this condition on the short side has been after three days and showing a win rate of 50% with the average market move towards the prevailing trend.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results