Hello traders, it looks like Doge is inside an ascending uptrend channel. These are some of the resistances we have to follow through on the way up and unless it breaks out before then. I been following this chart for a few weeks now and it's been pretty strong for me so I figured I would share it with you guys.
Update:
We have to break out of 0.064 first before we see any more of a push to the upside to the ATH of 0.08. Also watch for the fake outs to the downside. Recently on March 18th 20 hours you can see we fell below the trend line and instantly back up a few hours later. The 1 hour chart showed we hovered there for quite a few hours before breaking back above the trend line. If you look at March 8th between 15:00 and 19:00 hours you can see we break above the resistance of the channel and then instantly fell back below into the channel. Also between March 1st and 2nd you can see we confirmed the old resistance as support multiple times before we moved forward through the channel. Keep an eye on Bitcoin as well. We should see a massive move very soon.
Indicators:
BB20
MA 50
RSI
Please like, leave feedback, and follow for more future updates!
Happy trading :D
Update:
We have to break out of 0.064 first before we see any more of a push to the upside to the ATH of 0.08. Also watch for the fake outs to the downside. Recently on March 18th 20 hours you can see we fell below the trend line and instantly back up a few hours later. The 1 hour chart showed we hovered there for quite a few hours before breaking back above the trend line. If you look at March 8th between 15:00 and 19:00 hours you can see we break above the resistance of the channel and then instantly fell back below into the channel. Also between March 1st and 2nd you can see we confirmed the old resistance as support multiple times before we moved forward through the channel. Keep an eye on Bitcoin as well. We should see a massive move very soon.
Indicators:
BB20
MA 50
RSI
Please like, leave feedback, and follow for more future updates!
Happy trading :D
Comment:
After Bitcoin fell, it looks like we have fallen out of the ascending channel to retest 0.055. We might break back up into the channel once Bitcoin moves back to the upside.