Dogecoin(DOGE): 2 Potential Scenarios To Trade

As Dogecoin is in a "calm before the storm" situation, we are looking here for two potential trades that can be taken: bullish and bearish scenarios.

For Bullish scenario we need to break at least that 100EMA which would activate two potential long positions where for Bearish sceanrio we need to close price below 200EMA and secure it fully for a potential 22% of marketprice movement!

Swallow Team

Comment:

While on the bigger timeframe, the coin is not moving much. We have taken a look at it on the 4-hour timeframe as well.

Here we are looking at 200EMA, which is the last resistance on DOGE for the potential bullish movement here, while for the bearish scenario, we need a confirmational breakdown from that small trend zone.

Comment:

Doge broke the 200EMA in a smaller timeframe, which is a good start for a potential upward movement here!

As long as bulls maintain the price above the EMA, we should see the upper target being reached!