empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

03.05.202405:46 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday May 03 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 03.05.2024 analysis

On the 4 hour chart of Doge cryptocurrency, Seller seems still looks dominating where this is shown by the MA 20 which is below MA 200. However, with the price movement which successfully broken above the MA 20, gives the opportunity for Doge to be corrected to rise above the 0,1397 level and if the momentum as well as the volatility is quite significant, then it is not impossible that the level 0,14589 will be the next target to be aimed unless if on the way to those levels suddenly Doge return to the initial bias especially if weaken down and return below the level 0,12404, the, all the strengthening scenario that has been described before will become invalid and will automatically cancel itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off