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Invi1112
Oct 27, 2022 10:20 AM

DOGE breakout, but careful 

Dogecoin / TetherUSBinance

Description

DOGE broke out from more than a year under the trend line. But careful, we are still under all big resistance's.

We need weekly close above EMA21(white line) and a close above 0.09$.

Rejection from weekly EMA21 will result in more downside, as it did in all of the previous rejections.

Following closely from here.

Trade active

We have a good close above weekly EMA21, I expect a retest now of it (white line) and a retest of a previous range we had during summer.

Not interested in buying here.

BTC pair looks also due for a pullback.
Comments
Tradersweekly
Thanks for sharing.
SwallowPremium
The chart is pretty good, as is the idea in general.
Invi1112
@SwallowPremium, Thank you!
elias_gabriel
Retest the 0.068 area maybe.
Invi1112
@elias_gabriel, For now it's looking good, lets see the reaction to the BTC PA.
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