$DOGE Market Analysis May 11

The price continued to fall last night. It tested the support level of 0.142 in the morning but did not break it, and then it rebounded slightly. It tested again in the evening, but it did not break it. The overall bearish trend of the daily line, the downward trend of the kdj indicator in the attached figure will form a dead cross trend, and the macd fast and slow lines are also running below the 0 axis, so the short-term support of the daily line continues to focus on the 0.139-0.142 range. If it breaks the support range in the evening, it will fall further. In the 4-hour period, the intraday fluctuation range is also small due to the weekend. As a whole, it has been in a bearish trend, so the support level below is 0.140-0.142. The short volume of the macd indicator in the attached figure has shrunk. Therefore, if the price does not break the support level in the evening, the short force cannot continue.

Short-term trend:

The price has tested the support level near 0.142 many times, and it can hold up the price and then rebound, including two tests during the day, and it has not been able to continue to fall below it for the time being. As the market continues to be bearish, it is possible to test this position again in the evening. Once it falls below the short position, it will fall further.

Brothers pay attention

Pressure level: 0.154-0.162

Support level: 0.1395-0.142

Heavy pressure level: 0.180-0.185

Heavy support level: 0.120-0.132

The above is my personal analysis of today's market, for your reference only.

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