✴️ Dogecoin Quick Update (Long-Term Timeframe)
For my dear followers, readers and supporters, here is a quick update on Dogecoin based on the weekly timeframe (long-term).
Some of you are wondering what is currently happening with this pair, with this project, with this Altcoin. DOGEUSDT, Dogecoin.
While the entire market is correlated, it moves together, each of the big project can detach at anytime and follow its own rhythm.
A good example is last year when Dogecoin was moving out of phase with the rest of the market, this can happen again and can continue happening in the near and far future. Each chart must be considered separately and individually. When one pair is growing, the other can produce a correction or retrace. When a pair is in correction mode, another can be growing strong.
We have thousands and thousands of Altcoins... Some will move and others will stay behind, so we have to choose the ones that move and that's what I do.
➖ DOGEUSDT is trading weekly above EMA50, which signals a strong potential for bullish growth.
4 Weeks growing above EMA50 which here sits at 0.7555.
➖ The RSI is really high. We've seen nothing yet.
Short-term there will always be swings, retraces, shakeouts and corrections but we can always zoomout for the bigger picture and see what is happening long-term.
👉 Long-term, Dogecoin is set to grow.
Thank you my dear supporter, I appreciate your continued support.
Namaste.
Some of you are wondering what is currently happening with this pair, with this project, with this Altcoin. DOGEUSDT, Dogecoin.
While the entire market is correlated, it moves together, each of the big project can detach at anytime and follow its own rhythm.
A good example is last year when Dogecoin was moving out of phase with the rest of the market, this can happen again and can continue happening in the near and far future. Each chart must be considered separately and individually. When one pair is growing, the other can produce a correction or retrace. When a pair is in correction mode, another can be growing strong.
We have thousands and thousands of Altcoins... Some will move and others will stay behind, so we have to choose the ones that move and that's what I do.
➖ DOGEUSDT is trading weekly above EMA50, which signals a strong potential for bullish growth.
4 Weeks growing above EMA50 which here sits at 0.7555.
➖ The RSI is really high. We've seen nothing yet.
Short-term there will always be swings, retraces, shakeouts and corrections but we can always zoomout for the bigger picture and see what is happening long-term.
👉 Long-term, Dogecoin is set to grow.
Thank you my dear supporter, I appreciate your continued support.
Namaste.
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