A dragonfly doji candle combined with a sell signal on the MFI seemed to clearly show the beginning of a downtrend on the daily. Stochastic RSI now showing a crossover of the lead line while still in oversold territory. The MFI is dipping below the 30 is further indication that the end of the downtrend could be coming soon. However, the RSI is still above 50 and the Bollinger bands, although narrowing, are pretty wide. Another bearish signal is the 9 day SMA is also below the BB trend line. There is so much confusion with too many in this market hanging on the every tweet of a one particularly fickle individual. This situation could turn into a massive panic or FOMO at any moment. One thing is for sure, Crypto and especially DOGE is sure to surprise just about all of us. That being said, my targets are still 11 cents in the short term and 1 dollar long term. Keep in mind, few things ever go straight up or strait down. I recommend never investing money you are not willing to lose. Consider taking some profits when you reach targets and utilized stop loss or trailing stop loss orders if you want to ride the spikes.
This is not financial advise. I am not your financial advisor.
This is not financial advise. I am not your financial advisor.