DOGEUSDT (Dogecoin) - Coin of the Week - TO THE MOON!
Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme.
Technically, as we can see from the daily chart, this cryptocurrency is making a big correction that is fueling the next big move to the upside. Timing the beginning of the move is not precision science, so it may go further to the downside and reach the 0,19 USDT levels before shooting up, but the opportunity for this wave to the upside is massive. On the 4h chart, a critical area to watch is the orange trendline marked on the chart. If the price consolidates in that area (above or below) it has a very high probability of breaking to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, as we can see from the daily chart, this cryptocurrency is making a big correction that is fueling the next big move to the upside. Timing the beginning of the move is not precision science, so it may go further to the downside and reach the 0,19 USDT levels before shooting up, but the opportunity for this wave to the upside is massive. On the 4h chart, a critical area to watch is the orange trendline marked on the chart. If the price consolidates in that area (above or below) it has a very high probability of breaking to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
