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Dogecoin (DOGE) – June 20 for POLONIEX:DOGEUSD by readCrypto

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(DOGEUSD 1W Chart)

In the words of Elon Musk , the price fluctuates, so it is always necessary to trade cautiously.

We have to wait and see if there is any news about the development of the DOGE coin or the expansion of where it can be used.

This is because the DOGE coin project can be activated as the number of users increases.

If that happens, it is expected that Elon Musk’s influence will gradually diminish.

It remains to be seen if the price can sustain above the 0.023923275 point.

Since there is no support zone formed by a sharp rise, it is always necessary to trade cautiously.

(1D chart)

We need to see if we can form a box interval on the interval 0.23086716-0.34555029.

If it falls in the 0.16991897-0.23086716 section, Stop Loss is required to preserve profit and loss.

However, caution is advised as it may move along the uptrend line (1).

There is virtually no trade to do as the price is falling due to a sharp drop in trading volume .

This decline in price due to a decrease in trading volume is because an increase in trading volume can lead to a rapid price increase at any time.

Therefore, I think it is good to proceed with trading after seeing the increase in trading volume .

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( DOGEBTC 1W chart)

If the price is maintained above the 574 satoshi-775 satoshi range, it is expected to form a new support zone .

To break out of the downtrend line, we will have to wait and see where it will find support and rise.

(1D chart)

It remains to be seen if the 808 Satoshi-907 Satoshi section can support and rise.

If it falls in the 574 Satoshi-610 Satoshi section, Stop Loss is required to preserve profit and loss.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** See support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart

R: A point or section of resistance that requires a response to preserve profits.

S-L: Stop Loss point or section

S: A point or section where you can buy to make a profit as a support point or section

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading.

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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