Hello everyone, I hope you are having an amazing day. I'm here today with my first TA on DOGE let's see how it goes :D
First I must say that this Trade is NOT active as of now! I'll tell you when I take action, I've just decided to share this because it seems interesting if we take into consideration past moves. DOGE really likes Falling Wedges All break upwards for over 100% profits...
Let me explain what's on the main chart, the white boxes are Demand Zones, thus zones for possible bounces upwards, we have the top of the wedge working as resistance so for this to be validated we must wait for a breakout, the white line at 16 satoshis is a Strong support which can also be a entry depending on how our Demand zones work (white boxes)
As I've said, this trade trade is NOT active just yet! Let's be patient, as we all know, patience is key on the crypto market!
As for indicators they are not yet how I want them to be, after I start seeing Bullish signals from indicators at a higher TF I'll start paying closer attention to this coin ;)
I expect a further drop to the second demand zone (lower white box) near the 30 satoshis, our 78.6% fib (made from 16sats to 113 satoshis which is the last big move DOGE) is at 37 satoshis as well, that's a level to look to.
Also take note that this also depends on BTCUSD action and price movement.
DISCLAIMER: This is my own personal opinion! Don't take what I say for granted, this is NOT financial advice. Don't spend what you can't afford to lose, and remember, patience is a key on this Crypto Market! Hold is life! Trade safe and have a nice day!
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Still no active guys, I'm expecting a drop to the mid 30 sats.
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Consolidating on the Demand Zone (white box) Trade is still NOT active :)