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[Doge]
With the appearance of a Bullish Divergence, there is potential for Doge to retrace upward; however, as long as it does not break above 0.16550, Doge will return to its bearish bias.
Key Levels:
1. Resistance. 2 : 0.16550
2. Resistance. 1 : 0.15815
3. Pivot : 0.15211
4. Support. 1 : 0.14476
5. Support. 2 : 0.13872
Tactical Scenario:
Pressure Zone: If the price breaks down and closes below 0.14476, there is potential for Doge to test 0.13872.
Momentum Extension Bias: If 0.13872 is broken and closes below, it may continue to weaken down to 0.13137.
Invalidation Level/ Bias Revision:
The downside bias is contained if the price of Doge strengthens and breaks out to close above 0.16550.
Technical Summary:
EMA(50) : 0.15189
EMA(200): 0.15620
RSI(14) : 35.80 + Bullish Divergent
Economic News Release Schedule:
Tonight, the following economic data will be released from the United States:
US - Flash Manufacturing PMI - 21:45 WIB
US - Flash Services PMI - 21:45 WIB
US - Revised UoM Consumer Sentiment - 22:00 WIB
US - Final Wholesale Inventories m/m - 22:00 WIB
US - Revised UoM Inflation Expectations-22:00 WIB
US - CB Leading Index m/m - Tentative
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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