DOGE - only longs :)
Updated
DOGE is defying gravity, pushing on the top of BB strategies and consistently beating resistances.
On the daily chart we look overbought, which makes me expect a correction in the near future, but with each leg upward, we gain more support.
If we break .3016 as BTC breaks it's 50K resistance, we will see a price explosion I think.
Buying volume averages on DOGE have nearly tripled from July since August 7th and leveraged positions have opened similarly.
If prices even only hold over the course of the next week, I think we could see a potential for 100% gains over the next month, if not sooner.
And if any new catalysts appear between now and then, we may see even greater increases, omitting any new legislation from the current administration or statements from people like Jack Dorsey. :P
The short term price movement for all coins has been solid and I'm expecting a small correction over the next day or two. On average, it looks like we're oversold on ETH, BTC, and DOGE, with the RSI in the 75 to 65% range on the daily charts, and after having a great bull run over the last 25 days. The MACD on the daily chart looks like we're possibly reaching a local top right now.
On the daily chart we look overbought, which makes me expect a correction in the near future, but with each leg upward, we gain more support.
If we break .3016 as BTC breaks it's 50K resistance, we will see a price explosion I think.
Buying volume averages on DOGE have nearly tripled from July since August 7th and leveraged positions have opened similarly.
If prices even only hold over the course of the next week, I think we could see a potential for 100% gains over the next month, if not sooner.
And if any new catalysts appear between now and then, we may see even greater increases, omitting any new legislation from the current administration or statements from people like Jack Dorsey. :P
The short term price movement for all coins has been solid and I'm expecting a small correction over the next day or two. On average, it looks like we're oversold on ETH, BTC, and DOGE, with the RSI in the 75 to 65% range on the daily charts, and after having a great bull run over the last 25 days. The MACD on the daily chart looks like we're possibly reaching a local top right now.
Trade active
Hitting that resistance.Just waiting for that line to break.
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