RSibayan

DOGE - Got Rejected Before Reaching 50MA

COINBASE:DOGEUSD   Dogecoin
Hope you find value from this post.

Here's a trading idea.

But firstly...

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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.
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DOGE got pushed down before reaching its 50MA and it's now bouncing between its 12MA And 21MA.

Retracement now could bring DOGE back down towards the 12MA, and further down would be towards the Green Horizontal Support Bar.

Further push to the upside will face DOGE with the Blue Horizontal Resistance Bar (area of previous support and resistances).

Today's first order of business is to push past 1675 and 1760, and close above its 21MA and 50MA.

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
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