Hello Community!
Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more!
DOGE/USDT has been one of those stocks everyone has had their eyes on the past few weeks. We can take a look at DOGE on the 2 HR chart which is currently sitting on a few supports which I've drawn out for you. We can see trading at the bottom of the triangle. Based on the previous correction after making a new ATH at around 70 cents it's still looking bullish and is also looking to retest the top of the triangle with a possible breakout and another run at the previous high. This is a community coin that is fueled by hype and armature traders. It will follow BTC movements but with greater swings because of the hype built around it. this would be a great time to enter a long with a tight stop below the triangle. The MACD isn't looking strong but the RSI still is. If this triangle is broken you can expect a drop to the next support around 52 cents.
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more!
DOGE/USDT has been one of those stocks everyone has had their eyes on the past few weeks. We can take a look at DOGE on the 2 HR chart which is currently sitting on a few supports which I've drawn out for you. We can see trading at the bottom of the triangle. Based on the previous correction after making a new ATH at around 70 cents it's still looking bullish and is also looking to retest the top of the triangle with a possible breakout and another run at the previous high. This is a community coin that is fueled by hype and armature traders. It will follow BTC movements but with greater swings because of the hype built around it. this would be a great time to enter a long with a tight stop below the triangle. The MACD isn't looking strong but the RSI still is. If this triangle is broken you can expect a drop to the next support around 52 cents.
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
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.
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.