DOGECOIN TO $1.00?! - BULLISH ANALYSIS
As shown in the chart, Doge is currently holding above a strong uptrend line and bounced off a support level around $0.37.
I also ran my Fibonacci tool from the most recent swing low at $0.158 to the swing high at $0.74. Price was in between the 0.5, 0.618 golden zone.
If you zoom into the 1h chart, you can see a double bottom pattern as well with both points bouncing off the 0.37 support level.
Not only was there a double bottom pattern, Elon sent out his tweet that day on May 13/2021 mentioning that he's working with Doge devs. Price then pumped to $0.50+.
Despite all the crap Elon talked about Doge on SNL and the following dump in price, I did not think price would fall below the $0.35-$0.40 area, so it was a definite buy.
I also ran my Fibonacci tool from the most recent swing low at $0.158 to the swing high at $0.74. Price was in between the 0.5, 0.618 golden zone.
If you zoom into the 1h chart, you can see a double bottom pattern as well with both points bouncing off the 0.37 support level.
Not only was there a double bottom pattern, Elon sent out his tweet that day on May 13/2021 mentioning that he's working with Doge devs. Price then pumped to $0.50+.
Despite all the crap Elon talked about Doge on SNL and the following dump in price, I did not think price would fall below the $0.35-$0.40 area, so it was a definite buy.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.