We are still moving parabolic here on the hourly chart . There is a good chance for a retrace down to 55% of the previous leg. The retrace hasn't happened yet. Allow the MACD to guide us to the start of the retrace . Look for a down trendline on the retrace into the FIB support.
Note
DOGE completed it retrace at the 55 fib level. It did not go very deep into the FIB retracement area . Now, we are looking for DOGE to break higher above 0.14 level or go back down and test the range low. The blue box now indicates the current trading range. MACD has yet to correct over to the upside. We will be watching that closely today. tradingview.com/chart/h13obZj7/
Note
Doge looking good to the update .. question is when will the pullback for this leg happen .
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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.