Dogecoin
Long
Updated

Dogecoin - The Dog Is Still 100% Bullish!

Dogecoin (DOGEUSD) is still dominated by bulls:

snapshot

Click chart above to see the detailed analysis👆🏻

I know, a lot of people are already freaking out about Dogecoin because of the recent dump of more than -25%. But we just witnessed a rally of more than +500%, so give this coin some room to breath. Everything remains 100% bullish, even if we see another short term pullback.

Levels to watch: $0.5, $0.2

Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Dogecoin (DOGEUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

Dogecoin is once again approaching the previous all time high but so far this structure is still acting as a quite significant resistance area. If we actually see the overall expected all time high breakout, Dogecoin will most likely immediately rally another +100%, creating new all time highs.

Levels to watch: $0.5, $0.2

Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Dogecoin (DOGEUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

Dogecoin is still perfectly respecting market structure and after last month we saw the overall expected short term rejection at the previous all time high, we are now seeing a lot of indecision. It is rather likely that Dogecoin will retest the next support first before we see the next bullish impulse.

Levels to watch: $0.2, $0.5

Keep your long term vision,
Philip (BasicTrading)

Disclaimer