Dogecoin is trading at 0.0079. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Dogecoin. The test is expected to test the lower boundary of the Cloud Ichimoku Kinko Hyo near the level of 0.0090, from which you should expect a rebound and attempt to continue falling with a target close to 0.0035.
Dogecoin forecast & technical analysis on January 22, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a strong signal was received for sell of the Dogecoin cryptocurrency, due to crossing of the signal lines at the level of 0.0119.
Cancellation of the variant of falling quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 0.0115, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations Dogecoin with a breakdown of the level of 0.0070.
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