Dogecoin on its final support
Doge is in a downtrend since May 2021 when it had a major pump because of Elon's tweets.
It is currently trading at its support on Price and MACD.
As I have noticed that all the last few pumps where because of Elon's tweets and interestingly all these times he tweeted when doge was on MACD support and because of this MACD formed an ascending triangle pattern which is at its final point.
DOGE volumes have dropped significantly and this needs some big news or development from tech team to go up. Volumes also need to be high during this breakout for it to change the trend. Look out for this one in the coming weeks.
This chart is only for information purposes and it is not an investment advice.
It is currently trading at its support on Price and MACD.
As I have noticed that all the last few pumps where because of Elon's tweets and interestingly all these times he tweeted when doge was on MACD support and because of this MACD formed an ascending triangle pattern which is at its final point.
DOGE volumes have dropped significantly and this needs some big news or development from tech team to go up. Volumes also need to be high during this breakout for it to change the trend. Look out for this one in the coming weeks.
This chart is only for information purposes and it is not an investment advice.
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