BITTREX:DOGEUSD   Dogecoin / US Dollar (calculated by TradingView)
I think Dogecoin is still retracing from its all time high, there is a big red ichimoku cloud forming on the daily as well as no buying volume in an oversold market. It can take some time for DOGE to make a new all time high, hence I am not investing in it before it reaches below my indicated buying zone (which is between two major supports). I did not have a look at the fundamental aspects of Dogecoin, hence this chart can play out differently and there is a chance Dogecoin will bounce earlier or not at all. If the next market cycle plays out, Dogecoin can see some nice % gains.

Any feedback on this idea is much appreciated!
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