Connect with us

Hi, what are you looking for?

Trading Secrets

Dogecoin and Shiba Inu: Doge jumps to a new high at 0.07720

Dogecoin and Shiba Inu: Doge jumps to a new high at 0.07720

The price of Dogecoin managed to jump to the 0.7720 level yesterday with a bullish impulse. This morning, the Shiba Inu price jumped to a new high at the 0.0000871 level.

Dogecoin chart analysis

The price of Dogecoin managed to jump to the 0.7720 level yesterday with a bullish impulse. This was followed by a pullback to the 0.07500 level, where we got support and started a bullish consolidation that brought us back to the 0.07700 level.

For now, we encounter resistance at that level, pull back to the 0.07600 level, and expect to find new support here. A break below would drop us to a retest of previous support at the 0.07500 level.

Increased pressure in that zone would have a negative impact on Dogecoin, bringing it down to lower levels. Potential lower targets are 0.07400 and 0.07300 levels. For a bullish option, we need a positive consolidation and a jump to the 0.07750 level.

Thus, we would break above the previous high price of Dogecoin. Potential higher targets are 0.07800 and 0.07900 levels.

Shiba Inu Chart Analysis

This morning, the Shiba Inu price jumped to a new high at the 0.0000871 level. After that, we see a slight pullback and consolidation above the 0.0000855 level. We are now trying to gain support at that level and continue to the bullish side.

For such a thing, we need a positive consolidation and a break above the 0.0000870 level. Potential higher targets are 0.0000875 and 0.0000880 levels.

For a bearish option, we need a negative consolidation and a drop in Shiba Inu price below the 0.0000855 support level. After that, we should see continued pullbacks and testing of previous bearish levels. Potential lower targets are the 0.0000850 and 0.0000845 levels.

The post Dogecoin and Shiba Inu: Doge jumps to a new high at 0.07720 appeared first on FinanceBrokerage.

Enter your email address below and we’ll send you our best practices.

    You can unsubscribe at any time. Redstatefoundation respects your privacy and strives to be transparent about our data collection practices. Please read our Privacy Policy and Terms of Use.

    You May Also Like

    Trading Secrets

    What is the marginal rate of substitution and its formula? Key Takeaways: Trade-offs and Satisfaction: MRS shows the trade-offs consumers are willing to make...

    Trading Life

    Laura Wong Hon Chan is an interest rate options trader, who is currently a director at Bank of America Merrill Lynch in New York....

    Trading Secrets

    In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews what’s driving the markets higher and what to be on the lookout...

    Trading Secrets

    SPX Monitoring Purposes: Long SPX on 10/10/22 at 3612.39; sold 12/13/22 at 3669.91 = gain 1.59%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at...