DOGE has printed a nice falling wedge pattern on the daily chart. With the recent tweets from Elon and some positive crypto sentiment (bitcoin mining council) I think another rally is possible if crypto follows through. Looking for a move back to 0.50+. There is lots of local resistance in the way through 0.41 from EMA bands as well as the edge of a HVN. Look to see how DOGE behaves at 0.41 if we make it back up there. It’s on watch for me for the next few days!Note
Looks like some profit taking/pullback across the board right now. Let's see over the next few hours if we accelerate into a sell off. Many crypto charts look the same right now with 1 day worth of green candles. Most have hit 50EMA band on 4h charts and were rejected. If crypto runs later today then entering over the 50EMA will be one of my entry plans for multiple coins, DOGE included.
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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.