Looks like Dogecoin (DOGEUSD) has gone up for a while now printing massive growth...
We have multiple bearish signals starting to develop on this chart.
Today, we can see DOGEUSD moving below EMA10.
EMA21 has already been tested as support... The next time it is hit it is likely to break.
We have bearish divergence with the RSI, same on the weekly timeframe.
Where is the next support? First, we look for $0.294 followed by $0.193...
How far down can it go if it does crash? This can vary depending on how the market behaves, the bearish signals can even be invalidated... With that said, when I look at DOGEUSD weekly, prices can drop as low as $0.09 but it is too early for that...
Let's continue.
The daily MACD:
And the RSI (bearish divergence and broken trend line support):
We will see Bitcoin move higher as Dogecoin corrects and move lower. That's my prediction... What's yours?
Share it with us in the comments section below.
Alan Masters. This is not financial advice.
Namaste.
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Nice hit!
Enjoy.
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This altcoin pair is likely to move to $0.19 next...