Although I don't often trade Crypto, a friend asked me what my take is on Dogecoin.
Since it's so new I'm not sure if these technicals are valid, but after some extremely overbought characteristics, it now looks like it's in a correction to me, and is trying to form a base around previous support levels.
If we see an impulse up it could be a good long entry I think.
Our Crypto Mentor Tennille will discuss further in the next Crypto market scan.
Cheers and trade safe
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
Since it's so new I'm not sure if these technicals are valid, but after some extremely overbought characteristics, it now looks like it's in a correction to me, and is trying to form a base around previous support levels.
If we see an impulse up it could be a good long entry I think.
Our Crypto Mentor Tennille will discuss further in the next Crypto market scan.
Cheers and trade safe
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
Trade active:
Looks like it's made the first breakout and is now testing the trendline. Will be interesting to see what happens next.
