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Kyle_Kinnaird
Jul 16, 2021 8:27 PM

Doge showing signs of Uptrend Long

Dogecoin / US DollarBittrex

Description

I have labeled the Demand Zone we are currently on now, may see a bullish reversal which the RSI indicates that as well. Still need to wait for Confirmation before placing a trade, still a possibility of another pullback.
Comments
BurakB_
No. Doge is dead.
Kyle_Kinnaird
@BurakB_, You think it's done for good?
theomnisone
@BurakB_, I disagree. What we're seeing here is capitulation. The only reason doge is down is because BTC struggles to maintain above 32k. Once it passes 35k you can expect everything else will follow since 90% of crypto correlates with BTC movement.

Market makers have been liquidating crypto assets for 2 months now to cover their meme stock shorts (GME/AMC) and the crypto winter we have right now is the result of that. This is a prime buying opportunity across the board, not only for doge but for all crypto assets. We will still see some lows but we will absolutely see ATH's like never before, it will just take time.
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