DOGE - Look for bounce at $0.52/$0.45 to signal bullish reversal
$DOGE has been respecting the Fibs for the past month, including the dumps last night.
I'm looking for a reversal at .518 (.382 Fib), if not there, a reversal at 0.45 would be very bullish signal, respecting the .50 Fib AND the upward trendline (blue line)that has not broken on the daily/hourly charts.
Also note there is strong support at 0.42 - a prior high, turned support last night when a whale dumped during SNL.
I'm looking for a reversal at .518 (.382 Fib), if not there, a reversal at 0.45 would be very bullish signal, respecting the .50 Fib AND the upward trendline (blue line)that has not broken on the daily/hourly charts.
Also note there is strong support at 0.42 - a prior high, turned support last night when a whale dumped during SNL.
Trade active:
Still on track for a bullish recovery and uptrend. Has bounced off the .50 Fib twice, and while it briefly broke the upward trend line, quickly found support just under it at the $0.42 support level (a previous high).
It's currently respecting the trendline, bounced off it it at $0.43, and will likely consolidate a little before retesting the support line. As long as it continues to hold that support line, bullish recovery likely.
It's currently respecting the trendline, bounced off it it at $0.43, and will likely consolidate a little before retesting the support line. As long as it continues to hold that support line, bullish recovery likely.