DOGEUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% DOGE, 45% CASH.
*GOLDEN CROSS WATCH. Cryptos experienced the Sunday Scaries today off of rumors that Alameda Research may not be as solvent as expected and Binance CEO CZ announcing that he plans to liquidate Binance's FTT holdings over the coming weeks. Chinese health officials clarified that they aren't easing their Covid-Zero policies amidst a 6-month high in new infections. Crypto, DXY, HSI and NI225 are up while US Long-Term Treasuries, CNYUSD, JPYUSD, GBPUSD, EURUSD and Equity Futures are down. With Republicans looking set to take both the House and Senate on Tuesday (11/08), all eyes will be on CPI reporting this Thursday (11/10). Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .*
Price is currently retesting $0.11 minor support after retreating from a quick test of $0.16 resistance. Volume has favored sellers for the past two sessions and has been shrinking for the past six consecutive sessions, this is indicative of an impending breakout or breakdown. Parabolic SAR flips bullish at $0.156, this margin is bullish at the moment. RSI is currently trending up slightly at 64 after bouncing off of 63, just above the uptrend line from December 2021, the next resistance is at $0.162. Stochastic remains bearish and is currently trending down at 32 as it approaches 29 support. MACD remains bullish and is currently trending down at 0.0163, if it falls below 0.015 it would be a bearish crossover. ADX is currently beginning to form a soft peak at 53 as Price is attempting to push higher, this is still bullish at the moment; however, a reversal to the downside in ADX accompanied by Price appreciation would be bearish.
If Price is able to defend $0.11 minor support then it will likely retest $0.14 as resistance before attempting to formally test $0.16 resistance. However, if Price breaks down below $0.11 minor support, it will likely test $0.0815 support. Mental Stop Loss: (two consecutive closes below) $0.11.
*GOLDEN CROSS WATCH. Cryptos experienced the Sunday Scaries today off of rumors that Alameda Research may not be as solvent as expected and Binance CEO CZ announcing that he plans to liquidate Binance's FTT holdings over the coming weeks. Chinese health officials clarified that they aren't easing their Covid-Zero policies amidst a 6-month high in new infections. Crypto, DXY, HSI and NI225 are up while US Long-Term Treasuries, CNYUSD, JPYUSD, GBPUSD, EURUSD and Equity Futures are down. With Republicans looking set to take both the House and Senate on Tuesday (11/08), all eyes will be on CPI reporting this Thursday (11/10). Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .*
Price is currently retesting $0.11 minor support after retreating from a quick test of $0.16 resistance. Volume has favored sellers for the past two sessions and has been shrinking for the past six consecutive sessions, this is indicative of an impending breakout or breakdown. Parabolic SAR flips bullish at $0.156, this margin is bullish at the moment. RSI is currently trending up slightly at 64 after bouncing off of 63, just above the uptrend line from December 2021, the next resistance is at $0.162. Stochastic remains bearish and is currently trending down at 32 as it approaches 29 support. MACD remains bullish and is currently trending down at 0.0163, if it falls below 0.015 it would be a bearish crossover. ADX is currently beginning to form a soft peak at 53 as Price is attempting to push higher, this is still bullish at the moment; however, a reversal to the downside in ADX accompanied by Price appreciation would be bearish.
If Price is able to defend $0.11 minor support then it will likely retest $0.14 as resistance before attempting to formally test $0.16 resistance. However, if Price breaks down below $0.11 minor support, it will likely test $0.0815 support. Mental Stop Loss: (two consecutive closes below) $0.11.