Cautiously optimistic
DOGE is looking to retest the major trend resistance, but will it have enough juice to break through? On the positive side, sell pressure seems to be exhausted (for the moment) and we're seeing evidence of decent support at these levels. In addition, I'm seeing bullish divergence on both the daily and 4-hour charts. These factors make DOGE interesting to me, *however*, there is still a lot of overhead resistance so even if we break the trend line, I think we might see further price suppression before a major breakout. Having said that, I'm interested in having at least a little DOGE exposure so I may take a small long here.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!
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