As Memorial Day Weekend Kicks Off, Here's A Look At Bitcoin, Ethereum and Dogecoin Into Next Week
Portfolio Pulse from Melanie Schaffer
As Memorial Day Weekend begins, Bitcoin, Ethereum, and Dogecoin are being closely watched by traders and investors for indications of stock market behavior next week. Bitcoin and Ethereum are trading under descending trend lines, while Dogecoin is attempting to break higher after forming a double bottom pattern.
May 26, 2023 | 7:49 pm
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NEUTRAL IMPACT
Bitcoin is trading under a descending trend line and needs to break through for a potential longer-term reversal to the upside. Resistance at $27,133 and $28,690, support at $25,772 and $25,288.
Bitcoin is trading under a descending trend line, and breaking through it could signal a longer-term reversal to the upside. However, the current market situation is uncertain, and it's difficult to predict short-term price movements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Dogecoin is attempting to break higher after forming a double bottom pattern. Resistance at $0.075 and $0.083, support at $0.069 and $0.065.
Dogecoin is attempting to break higher after forming a double bottom pattern, but the current market situation is uncertain, and it's difficult to predict short-term price movements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Ethereum is trading under a descending trend line and needs to break through for a potential big reversal. Resistance at $1,846 and $1,957, support at $1,717 and $1,564.
Ethereum is trading under a descending trend line, and breaking through it could signal a big reversal. However, the current market situation is uncertain, and it's difficult to predict short-term price movements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100