DOGEUSD Price Analysis – June 18
Market conditions for DOGEUSD from June 17, 2019, has shown there is a decisive down move towards the lower low and this is based on the price action condition where further sell stops might get triggered.
Demand Levels: $0.00384153, $0.00351984
Supply Levels: $0.00285427, $0.00236552
DOGEUSD Long term trend: Bullish
Prices have continued to consolidate within a tight trading range between the level at $0.003041 and $0.003266 where it has been trapped now for the whole of last trading week.DOGE seems to have entered in the bullish market already.
Traders must keep a notice on the demand levels and supply levels for a fair and less risky trading trend. The demand level can be considered at $0.00285427 and the support level at $0.0023552. However, Dogecoin touching down seems to be very far from reality.
DOGEUSD Short term trend: Bullish
The short term volatility is slightly lower than usual but we see that prices have continued to trade close to the key technical demand zone on the level at $0.003215.
In the short term trend, it is bullish and on the flip side here selling could speed up should prices move below the nearby swing low at $0.003010 where further bears might get activated.
The trend on the 4-hour chart has shown to be bullish in the long term and the upward momentum remains intact.
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