DOGE - new trend in 2024
Diupdate
On a weekly perspective the price closed the first time above the 10/20 & 60 weekly HMA after consolidating for several weeks/month.
A new Trend is formed and when correct price should start to expand soon. Ideally this week.
Hard to tell how high it will go but a 1:1 extension of the current accumulation range is a solid first target.
It will be important to track the daily and weekly hull moving average formation (HMA) in order to detect weakening momentum.
A new Trend is formed and when correct price should start to expand soon. Ideally this week.
Hard to tell how high it will go but a 1:1 extension of the current accumulation range is a solid first target.
It will be important to track the daily and weekly hull moving average formation (HMA) in order to detect weakening momentum.
Catatan
1:1 Extension Target got hit weekly bearish divergence initiated the correction. the weekly close below the 8HMA was an other sign to take profits.
Observe how significant the bearish 8 & 20 HMA Cross is on the daily timefram- especially if we have inefficient price action below.
I look for an reentry once the 10/20 HMA create a bullish cross on the daily. (Weekly trend is still bullish due to 60DHMA Cross)
The bearish cross was always followed by 2-3 bearish daily candles.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.