Doge has the potential to continue its weakening bias Today, even though there is the potential for a limited strengthening

[Ben Graham]

[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 material has been provided by InstaForex Company - www.instaforex.com