DOGE Is It Ready For the Upside ?

14 Mei 2021

Hello everyone:

Let take a look purely in technical perspective in DOGE.

DOGE's price has pushed down since the start of the week on Sunday, and to a recent lows around $0.35.

From my last outlook on DOGE, I mentioned that if price was to pushed down pass previous highs and formed bearish continuation correction,
then we can see potential further downside.

However we can see the current price action on the LTF has show us otherwise.
With the descending channel correction, a strong reversal impulse bullish move up, followed by a quick continuation to breakout of the larger descending channel correction.
Good probability that the correction/consolidation could finished here.

I would be waiting for a LTF continuation correction now as price broke out of the correction,
or
If no correction formed, expect one more moved down correctively with the channel, before the next up move.

Thank you

17 Mei 2021

Catatan