peymandordizade

peymandordizade

Hi, Looking at the 4 hour chart, Doge have been in this downtrend channel for a while. Given the divergence pattern on the MACD indicator, now seems to be the time to break out of this channel. Moreover, looking at the RSI, bulls have some room to push the chart out of the channel. I wouldn't go long unless I see the breakout from this channel. First stop...

peymandordizade

- It reached a zone which was historically a strong support. - Big divergence pattern was formed in MACD. - People might want to wait for a clear passing of the MACD and then buy. I prefer to buy it right now to get it at a lower price. - RSI is very close to being oversold. - Once the MACD breaks out, I don't believe the first Fib retracement level would hold....

peymandordizade

I can't say how far it should go up because of this divergence, but the first Fib retracement level would be a safe bet. It's an easy 25% profit. Enjoy. Peyman.

peymandordizade

A huge divergence pattern is formed. I think the second Fib level is within arm's reach.

peymandordizade

Great divergence pattern. Great opportunity to go long.