$Doge will pump from here, no matter what caused that spike in price, it will follow in anticipation and expectation of further bullish action. Volume supports the move and will follow with bigger action on smaller volume. Price consolidates again under the resistance to break up again. Strong and bullish.
sometimes I say, a chart says more than a thousand words, wouldn't you agree?
I currently favour a break to the upside with a retest of this 2-month symmetrical triangle based on the MACD turning bullish and the MA's being in a good position. We have about a week before the triangles reaches it's apex so I might publish an update rather soon.
However If a...
The Key to Success has Been Underneath Your Nose the Entire Time
The key detail that every new trader seems to miss is that volume ultimately controls price movements because the presence of adequate volume validates the price movement. If a price movement fails to be validated by adequate volume , then there is going to be an equal an opposite reaction. There...
Daily Time Frame Analysis -
Entry - Current Daily Candle
Exit - Target 1 + 2
ROI - 38% on spot
Doge has lots of room to continue growing, after finding support.
We can see that DOGE has broken into the Golden pocket on the Fibonacci tool.
While also confirming the 0.38% Fib as support + A Daily order block support level.
Giving us confluence for its next move...
DOGE is currently in low orbit. Notable resistances can be found at every penny increment and prices will be stuck in these ranges on its way up until it goes down at about 6 to 8 cents. Yes, DOGE can be mined at an insane rate with no supply cap and has low intrinsic value due to its status as a meme, but there is always some form of ignorant irrationality in...