DOGEUSD - Sellers exhausted?
Updated
After 644 days in the same range, DOGEUSD seems to have found support. There has been numerous attempts to break lower, but buyers have strongly defended the 0.0614 level.
We have had pretty strong upwards momentum for many weeks and are now seeing a pullback to a decent weekly level.
If buyers can hold this level and the pair puts in a higher low, it's likely that we see more expansion to the upside.
The more time in a range, the stronger the expansion.
All it takes is one Elon Musk tweet...
We have had pretty strong upwards momentum for many weeks and are now seeing a pullback to a decent weekly level.
If buyers can hold this level and the pair puts in a higher low, it's likely that we see more expansion to the upside.
The more time in a range, the stronger the expansion.
All it takes is one Elon Musk tweet...
Note
Pretty strong reaction so far. Not a bad idea to take some profits here.Trade closed: target reached
+86% gain
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.