Wedge Pattern Confirmed
Updated
Doge is taking the lead in the crypto space! Very exciting move and hopefully an indicator for the rest of the cryptos. We have been holding at around 30%-50% drop on most of the market but this looks like a bullish sign.
Some important indicators to look at. Daily 20 & 50 MA are converging together. Could see some resistance at this level. Breaking above would be massive.
4Hour 50MA has been resistance on the way down. I would use that as support and entry points whenever we pull back.
Volume is still a bit low, I would like to see more confirmation of the MAs before making any entries as well as rest of the cryptos following.
Some important indicators to look at. Daily 20 & 50 MA are converging together. Could see some resistance at this level. Breaking above would be massive.
4Hour 50MA has been resistance on the way down. I would use that as support and entry points whenever we pull back.
Volume is still a bit low, I would like to see more confirmation of the MAs before making any entries as well as rest of the cryptos following.
Note
Rejection as expected on the Daily 20/50 MA
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