DOGE : RALLY before OR after XMas?
Updated
Hi Traders, Investors and Speculators of Charts📈📉
As seen on the chart, I've highlighted some potential signs that will help to determine whether we can expect a rally before the 25th or after the 25th / in 2024 :
- If Doge is getting ready for a rally before the 25th, we can expect to see some higher lows. Currently we're trading lower than we did two weeks ago this time.
- If Doge continues to trade range, it's more likely for another wick towards the lower support zone before we observe a breakout.
The price action over the next two weeks will indicate whether or not we can still expect a rally this year, or only next.
For the short term, I'm leaning towards lower price action on DOGE, expecting one more wick towards the lower support :
The main reason for my short sentiment, is the clear bearish technical indicator in the short term:
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DOGEUSDT DOGEUSD
As seen on the chart, I've highlighted some potential signs that will help to determine whether we can expect a rally before the 25th or after the 25th / in 2024 :
- If Doge is getting ready for a rally before the 25th, we can expect to see some higher lows. Currently we're trading lower than we did two weeks ago this time.
- If Doge continues to trade range, it's more likely for another wick towards the lower support zone before we observe a breakout.
The price action over the next two weeks will indicate whether or not we can still expect a rally this year, or only next.
For the short term, I'm leaning towards lower price action on DOGE, expecting one more wick towards the lower support :
The main reason for my short sentiment, is the clear bearish technical indicator in the short term:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
DOGEUSDT DOGEUSD Note
Trying to "unsquash" the chart,, not sure why it does that upon posting:Note
DOGE Short term update:Note
Short term update on DOGE :Note
Let's see if DOGE can reclaim the weekly moving averages as support:Note
DOGE short term targets and BUY back zones:
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