Big pullback coming for DOGE? Or break towards the ATH!
Getting a broad pullback in the market today, taking #DOGE close to a tag of the DEMA 20 but still within a rising channel. DOGE pumped 4 times in the 2021 bull phase. Twice it reached a daily RSI over 90. The first time it corrected 53% and consolidated for 2 months. The second time is corrected 65% and consolidated for 2 weeks before peaking for the cycle 1 week later. 3 weeks ago, the daily RSI peaked over 90. Will #DOGEUSDT experience a major correction this time, or is this time different? A break of the rising channel and drop below the $0.40 horizontal support may be a sign that a deeper correction is in store. A correction may be bought quickly in the bullish market. Continuing to rise within the channel may result in a break to new highs and the next pump towards the ATH.
Please let me know in the comments what other signs may give us a clue what DOGE's next move will be from this rising channel! I'd love to hear others' thoughts!
Please let me know in the comments what other signs may give us a clue what DOGE's next move will be from this rising channel! I'd love to hear others' thoughts!
Dagangan aktif
The rising channel was violated. The 90+ reading on the RSI did in fact mark a local top that led to a pullback. DOGE, currently at $0.38, may now reach the lower boundary of a horizontal channel around $0.34. A reasonable buy zone for the next bullish leg is between $0.30 to $0.34.
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.