✳️ Dogecoin Recovers From Bottom (Beyond 160% Easy)
This is interesting here, the bullish signal comes in the form of a strong correction.
The fact that Dogecoin (DOGEBTC) moved recently below its June 2022 low is a strong bullish/reversal signal.
After 8 months of correction DOGEBTC went below the mentioned level but quickly recovered and is now trading above EMA50 with bullish indicators.
As this support level was broken, a very strong double bullish divergence formed; MACD and RSI.
All these combined gives us a clear picture as to what comes next.
You can see it on the chart.
Low risk vs a high potential for reward... Think long-term.
Namaste.
The fact that Dogecoin (DOGEBTC) moved recently below its June 2022 low is a strong bullish/reversal signal.
After 8 months of correction DOGEBTC went below the mentioned level but quickly recovered and is now trading above EMA50 with bullish indicators.
As this support level was broken, a very strong double bullish divergence formed; MACD and RSI.
All these combined gives us a clear picture as to what comes next.
You can see it on the chart.
Low risk vs a high potential for reward... Think long-term.
Namaste.
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