A friend of mine asked for the future of doge coin because part of his investment depends on it. So I will attempt to determine it's future from a technical standpoint alone for the sake of this post.
Presently price is trading above the previous low of $0.050 level(Black bar). But also on a bigger picture doge coin has been massively trending down for the most...
After a clear break off a major structure zone, in a healthy trend we should expect a pull back which definitely happened when btc pulled back to 44k level. This further confirms a moment more then ever that btc is ready for an upward movement to 50k-53k price level.
Price retested a supply zone picking up liquidity which also validated fib level of 0.618 from a daily swing high to swing low. Price rejected this zone before making a little retracement before continuing to the down side.
This pair has been on a downtrend for some while now by maintaining a daily trendline aswell as trading at the bottom of the weekly descending channel until we saw a break above the daily trendline and then retesting a previous lower high as a support. Now price has once again retested the support forming a double bottom and failed to break below it which could...
