Chart of the day

Doge is breaking above the strong upside resistance of 0.175. A break above this level is required for an upside extension to 0.352 and higher. A rejection here will lead to a pullback and one more swing lower to test the strong support of 0.100.

Only in the case of a clear confirmed break above 0.1750, which we are seeing now extension to 0.352 in five waves will be warranted. Until then a rejection from here will lead to a consolidation continuation.

_{Long trades could be opened here with a stop loss below 0.140. Short trades could be open only upon a break below 0.110.}