perrynoid

Fake out our at least support on 180 SMA, 1HR!

Long
BITTREX:DOGEUSD   Dogecoin
DOGE is showing a lot more support when correcting from spikes than the typical pump and dump coin. It seems to find a higher new floor after every spike. The MFI has just flashed green on the hourly chart for only the second time since this rally began. To be fair, it is too difficult to be certain relying on TA alone to determine what the future holds. if the trend breaks bellow the 180 SMA on the hourly, the MFI will flash green a lot more on an extended downtrend. It's mostly about psychology at this point. It feels to me like this hype train is just getting started. The DOGE network is being bolstered up as we speak. Scalability will not be a problem moving forward. Look for the blue 9 SMA to move above the red trend line on the Bollinger Bands to increase the possibility of another spike and possible another ATH. Now that BTC has found another ATH recently, DOGE's turn could be next.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.