Happy Friday, Traders!
Hope you find value from this post.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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DOGE was able to close above its 50MA yesterday and skyrocketed to its 100MA for a massive 26% pump.
DOGE now has pulled back but is expected to continue its journey towards the new high of 2151.
At the time of this writing, DOGE is at the Blue Bar establishing a Support Level prior to a possible continuation of its push upwards.
Upside price targets:
1. 2266 (200MA level)
2. 2375 (50% Fib level)
3. 2616 (61.8% Fib level)
Retracement now could bring DOGE back down towards the 21MA @ 1698 and 1650 at the 12ma, and further down would be towards the Green Horizontal Support Bar.
Today's first order of business is to establish the Blue Bar as Support, then push past its 100MA.
MACD: Bullish Divergence .
Stoch RSI: Crossed the 80 Level, momentum still Bullish.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
DOGE was able to close above its 50MA yesterday and skyrocketed to its 100MA for a massive 26% pump.
DOGE now has pulled back but is expected to continue its journey towards the new high of 2151.
At the time of this writing, DOGE is at the Blue Bar establishing a Support Level prior to a possible continuation of its push upwards.
Upside price targets:
1. 2266 (200MA level)
2. 2375 (50% Fib level)
3. 2616 (61.8% Fib level)
Retracement now could bring DOGE back down towards the 21MA @ 1698 and 1650 at the 12ma, and further down would be towards the Green Horizontal Support Bar.
Today's first order of business is to establish the Blue Bar as Support, then push past its 100MA.
MACD: Bullish Divergence .
Stoch RSI: Crossed the 80 Level, momentum still Bullish.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader