DOGE This is how to trade it in October.

Dogecoin (DOGEUSD) has been trading within a Channel Up since March but recently has found a new Support on the Higher Lows trend-line that started on the August 03 Low. This price action has been additionally supported by the 1D MA100 (green trend-line).

As long as the 1D MA100 holds, October should see at least Doge testing the top (Higher Highs trend-line) of the pattern. Given that the previous Higher Lows rebound peaked on the 1.136 Fibonacci extension, our Target will be 0.3200.

If the Higher Highs trend-line breaks (1D candle close above it), extend buying to a total +101.96% rise from the bottom, targeting 0.41000.

If however the 1D MA100 breaks (candle close below it), we expect the Channel Up to go for a full pricing of a Higher Low bottom, on a similar -45.82% decline to both previous Bearish Legs, targeting 0.17000.

As a result, the current price action, which has Doge sitting just above the 1D MA100, offers a great reward on the lowest possible risk.

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