Bullish DOGECOIN Opportunity
Dogecoin surged to an all time high of 0.70 on May 8th prior to Elon Musk's SNL podcast skit. The crypto currency was expected to reach target highs of a $1.00 due to the hype the billionaire created around it. Instead, doge has tanked significantly as if to correct itself by a 61% retracement to the 0.40 mark. This reveals opportunities to buy in on the crypto.
There's been a huge volume that has entered the market since February 2021, which increased the value of the doge rapidly, and price is currently in a strong bullish momentum.
Our 4H technical chart analysis unfolds a bullish doge trading in an ascending channel. Price just dipped to a support level, presenting bullish opportunities if the price of the doge holds above the 0.40 support area. Plus, there're several fundamentals in favor if the crypto.
N.B. I just bought some doge at 0.45
Trading ideas are subjective. Individual analysis advised.
There's been a huge volume that has entered the market since February 2021, which increased the value of the doge rapidly, and price is currently in a strong bullish momentum.
Our 4H technical chart analysis unfolds a bullish doge trading in an ascending channel. Price just dipped to a support level, presenting bullish opportunities if the price of the doge holds above the 0.40 support area. Plus, there're several fundamentals in favor if the crypto.
N.B. I just bought some doge at 0.45
Trading ideas are subjective. Individual analysis advised.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.