✴️ Dogecoin Update | Prices Remain Strong Despite Correction
The same situation we have with Cardano and other major Altcoins that broke bullish last week, is true for Dogecoin, let's see.
After the 10-June long-term higher low, action has been slow but bullish. Dogecoin continues pushing higher, this is still a corrective phase.
As prices moved above the EMA100 resistance, a rejection followed and a retest of support. Despite this rejection, DOGEUSDT remains strong.
The current price trades above EMA50 and EMA21, two medium-term indicators.
Regardless of the strength of these indicators, looking at them would be focusing on the really short-term, the bigger picture is up, this is what matters.
We wait patiently and we can see a resumption of the bullish wave that started more than a year ago.
Confirmation came in early/mid-July, all that is left is to wait for the new high.
Action should be maximum good late July and early August.
After this date we can get a vacation... Just kidding (not really!).
Thanks a lot for the support.
Namaste.
After the 10-June long-term higher low, action has been slow but bullish. Dogecoin continues pushing higher, this is still a corrective phase.
As prices moved above the EMA100 resistance, a rejection followed and a retest of support. Despite this rejection, DOGEUSDT remains strong.
The current price trades above EMA50 and EMA21, two medium-term indicators.
Regardless of the strength of these indicators, looking at them would be focusing on the really short-term, the bigger picture is up, this is what matters.
We wait patiently and we can see a resumption of the bullish wave that started more than a year ago.
Confirmation came in early/mid-July, all that is left is to wait for the new high.
Action should be maximum good late July and early August.
After this date we can get a vacation... Just kidding (not really!).
Thanks a lot for the support.
Namaste.
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