Hello everyone 😃
The answer is NO ! For more information, Please the caption carefully...
DOGE is trying to break the current bearish trendline.
Also it bounced nicely from EMA20 on 4H TF and MA50 is acted as a stiff support for DOGE !
Recent fundamentals are makes two different scenarios for DOGE and as you know, Technical analysis is not...
This is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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ALL ABOARD THE DOGECOIN MARS EXPRESS!
Bullish trend lines not broken!
Moving averages OK!
Selloff bought up quickly!
Purple boxes are two levels there is no sell volume, spread buy orders here
Stop just below 0.45
0.33-0.38 this previous resistance has not been retested, if you believe Doge is going to Mars, place buy orders here
Keep an eye on sell volume...
as we can see price shows some respect to take profit point of Fibonacci that is -0.61% and you can see it (cause DOGE is like🚀😁🚀 )
for now more correction is needed and if green line break huge fall is expected and if resistance here(red line) break then we may look for new targets that marked on chart .
1.trade carefully and have stop loss for...
We'll see how much Elon and the SNL skit is going to pump DOGE tomorrow!
Seeing all the mainstream and celebrity hype with this coin, I suspect we'll see a really nice spike tomorrow. $0.70 looks like a feasible target.
If the bulls can break $0.70, then the next target would be $0.80. If the bulls claim $0.80, then off to $0.89!
To the downside, there is...
People will be taking profits near those resistance levels. We have to keep a close eye as this can go both ways. Last time we were in this position it bounced of the ath (0.45 at that time) and proceeded to dump before consolidating at ~0.25. An Elon tweet can give this the boost it needs.