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AwesomeAvani
Feb 20, 2024 7:05 AM

DOGEUSD Dogecoin pulling back to add LONG Long

Dogecoin / US DollarBinance

Description

Dogecoin on the 60 minute chart has been in a good trend up for more than 36 hours. Moving

averages have been diverging but price is now falling in a pullback to the SMA21 and EMA21

while the EMA 50 continues to trend higher. The relative strength look back is solid green.

I see this as an excellent point to add to Dogecoin with the risk being the market cap leader

Bitcoin loses momentum and takes Dogecoin and others sideways or down.

Trade active

Price bouncing on long term anchored VWAP line. Entry long now.

Comment

Chart was normalized to a baseline price of 100 now made more traditional with
actual price on the Y vertical axis.

Trade closed: stop reached

Out with the sell-off as BTC and equities markets have had a bad day.

Comment

Based on AI indicator sideways action expected today. I may re-enter if a trend up is
noted and squeeze indicator goes into a squeeze.

Comment

Dogecoin continues to run with Shibu Ina i have fortified my position

Comment

Comment

Trade active

Forecasting algo expecting DogeCoin to add another 20% on the current bullish leg.

Comment

Target is now 0.229 for the upcoming week.
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