DOGEBTC is testing its 1W MA50 (blue trend-line), which keeps it into a buy zone, exhibiting the same kind of price action it had during its previous Cycle in late December 2020.
That was right before the parabolic rally started where Dogecoin outperformed Bitcoin massively on the last strong known Altseason.
Right now the market is forming the same 1W MACD Bullish Cross it did on December 21 2020, straight after which it broke above the 1W MA50. The rebounded that was causes even broke above the Cycle's Falling Wedge in a rally that lasted 4 months.
We are inside a similar Falling Wedge since 2021 so a break-out may have a similar outcome. This chart shows that it may be time to move some capital to Doge.
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That was right before the parabolic rally started where Dogecoin outperformed Bitcoin massively on the last strong known Altseason.
Right now the market is forming the same 1W MACD Bullish Cross it did on December 21 2020, straight after which it broke above the 1W MA50. The rebounded that was causes even broke above the Cycle's Falling Wedge in a rally that lasted 4 months.
We are inside a similar Falling Wedge since 2021 so a break-out may have a similar outcome. This chart shows that it may be time to move some capital to Doge.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.