alanmasters

Dogecoin Getting Closer To Breakout!

BINANCE:DOGEBTC   Dogecoin / Bitcoin
Dogecoin ( DOGEBTC ) continues trading within the "accumulation zone"... Every day that passes we get closer to a bullish breakout.

Right now the MACD supports a bullish move and the RSI is looking good.

Both indicators are still showing some weakness, not fully bullish but starting to move in favor of the bulls.

With prices moving above EMA10 after 3 months of consolidation... The jump can happen anytime now.

NOTE: Just as DOGEBTC can break up in a few days, it can also take several weeks... No strong signals are in yet.

Still, this is a good support level to buy and hold.

You can always use a tight stop-loss for a very low-risk trade, with very high potential rewards.

Namaste.
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Comments

Been watching this closely for weeks now. Every time there's buy pressure and 26 satoshis is about to break, someone sells and continually puts up a new 25 sell wall.

It's frustrating, but a move should come soon. Another 7 days before it's going to meet the end of the triangle resistance, so hopefully the direction is up and not another leg down. Thank you always for your work!
+2 Reply
I dont think so
Reply
Accumulation phase again. Thanks for sharing your idea 🐻‍❄️😃
Reply
Nice analysis G
Reply
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