TradingView
Lanmar
Aug 7, 2021 11:22 AM

Dogecoin - setting up for a rally Long

Dogecoin / TetherUSBinance

Description

DOGE vs ETH - nearing support (or at support now), which means we could see some outperformance


Last analysis on DOGE (I never went long since I thought DOGE was a joke. Joke's on me!)


Disclosure: I'm long from .217 - first time I'm long DOGE. Before I just used it as a proxy for altcoins (see post above).

.16 cents needs to hold/or risk (stop) can be a daily close below the 200dma.

GL

Trade closed: target reached

first trim spot @ .34 here

keeping a third for runners

Comment

Bull flag in DOGE - may want to set up an alert for .1550 if you want to get long. There are better buys than this for now but if you want to own it now is a good time

Comment

Noe that Elon owns a big % of twitter I could easily see him suggesting a payment system using DOGE or some form of tweet along those lines. At the very least this consideration might be front run and evident in the relative strength today
Comments
schery0581
it's looking more like distribution
Lanmar
@schery0581, distribution would be lower highs. The daily is showing higher lows and a rotation up (higher close than former)
More