DOGE is close to important support $0.05-0.055.
I set a LONG from here. Stop loss set at $0.044.
Fundaments behind are mixed/positive as it's an most famous MEME coin, but DOGE has very strong support from Elon, Snoop and has a solid fanbase.
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TA: Falling wedge - bullish. Potential bounce from strong support.
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Always do your own research.
This is not an financial advice.
Enjoy!
I set a LONG from here. Stop loss set at $0.044.
Fundaments behind are mixed/positive as it's an most famous MEME coin, but DOGE has very strong support from Elon, Snoop and has a solid fanbase.
---------------------------------------------------------------------------------
TA: Falling wedge - bullish. Potential bounce from strong support.
----------------------------------------------------------------------------------
Always do your own research.
This is not an financial advice.
Enjoy!
Note
Some good news on ForbesLet's watch how market reacts.
Note
DOGE is lazy, still in downtrend channel.
RSI on 4H is oversold, forming double bottom, and possible breakout from downtrend.
Want to see a breakout through a trendline (chart and RSI) to trend reversal.
MACD shows possible golden cross.
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I am holding my long position with small loss now and stoploss set.
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.