as seen on chart, rsi is reversing as price remains stable... this shows reversal of bearish momentum. in the previous trade we scalped the previous small spike for 14% profit before it dropped again to the previous low as expected...
Now if this bullish divergence is accurate, we should go over the 200EMA (in black) Very soon, otherwise, it would be confirmed as resistance and that wouldn't be nice!
I linked my previous analysis for reference :
Now if this bullish divergence is accurate, we should go over the 200EMA (in black) Very soon, otherwise, it would be confirmed as resistance and that wouldn't be nice!
I linked my previous analysis for reference :
Note
play still valid. with BTC's move up as well, probability of success increasedNote
price still stable! not a good signNote
looks like Doge is a bust boys! lets check out another coin :)Doge longterm target around 0.22 at this rate! unless something crazy happens tomorrow, this is a guaranteed drop
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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.