DOGEUSD about to Breakout! About 5% up on Thursday
https://www.tradingview.com/x/VFKe7wal/
As many expected, Cryptocurrency has been on fire since FOMC interest rate cut. During Thursday trading most were up around 5% or more.
What I notice about Cryptos is that they are sensitive to the overbought scenario and when the liquidity occurs and they are all aligned in more of an oversold condition, the buyers start flooding back in because they know they are sitting on a Value-Product at a bargain oversold price & that can only mean higher prices returning really soon.
DOGEUSD until early August was tracking downwards in price in a huge falling-wedge, but jumped out of this wedge and has been consolidating, put on around 5% during yesterday Thursday and is ready to bust upwards in what will be a huge breakout for DOGEUSD, BITCOIN and many of the other BIG-CRYPTO names!
As many expected, Cryptocurrency has been on fire since FOMC interest rate cut. During Thursday trading most were up around 5% or more.
What I notice about Cryptos is that they are sensitive to the overbought scenario and when the liquidity occurs and they are all aligned in more of an oversold condition, the buyers start flooding back in because they know they are sitting on a Value-Product at a bargain oversold price & that can only mean higher prices returning really soon.
DOGEUSD until early August was tracking downwards in price in a huge falling-wedge, but jumped out of this wedge and has been consolidating, put on around 5% during yesterday Thursday and is ready to bust upwards in what will be a huge breakout for DOGEUSD, BITCOIN and many of the other BIG-CRYPTO names!
Nota
DOGEUSD is about 110% below it's April 24 high of this year and sits 240% below its all time high price set in 2021.Dagangan aktif
This is an expected breakout trade in DOGEUSD.
Buy Zone: Current levels around 0.1050 to 0.1110
Stop Loss:
Nota
This is an expected breakout trade in DOGEUSD.
Buy Zone: Current levels around 0.1050 to 0.1110
Stop Loss: 0.1012
Take Profit: 0.1650
Nota
The Long Trade in DOGE USD is up 1.18% so far today. It's crossing up nicely on moving averages and I think today it could easily put on 5%. 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.