Dogecoin Primed For Liftoff?! Here I have COINBASE:DOGEUSD on Daily & 1Hr Chart!
A lot of Bullish signs are popping up on all Time-Frames for $DOGEUSD! Let's lay it out:
Daily Chart-
*Price made its Lowest Low @ .0805
*Price has created a Bullish Divergence on the RSI when price was able to make a Higher High @ .1321, disrupting the Downtrend Pattern.
*Fib Retracement Tool from the Lowest Low to Higher High places the Golden Ratio Zone @ ( .1033 - .1002 ) where Price has already Retraced to and is showing Exhaustion from the Bears!
1Hr Chart-
*Zooming into the Golden Ratio Zone, we see Price is exhibiting signs of a Bullish Wedge, potentially in the Reversal Variation!
*Lower Lows on Price creating Bullish Divergence with Higher Lows on RSI
I suspect we will see Price give us a Bullish Break to this Wedge and continue creating Higher Highs/Higher Lows continuing the Uptrend which will then contend with the Resistance Levels:
( .1355 - .1440 )
( .1700 - .1800 )
( .1990 - .2200 )
**If Price gives us a Bearish Break to the Wedge, Be Vigilant to False Breaks testing the .09 cent Support Level & Rising Support