The Crypto market has been rising for several months. Bitcoin tested over April's high and new high recorded $67000 price zone. But compared to other cryptos, DOGE couldn't do much for the investors. DOGE was stuck into a triangle from July. After a long time, the DOGEUSD has finally broken the triangle, and the market price is holding above the breakout zone.
According to price action analysis, DOGE has started its uptrend. As long as the market price is held above $0.19000000, it will be considered an uptrend, and there will be a chance to test $0.42000000 very soon.
Ahead of Christmas and the new year, most asset classes face profit-taking turmoil except commodity markets like gold and oil. So from this point of view, one or one and a half more moth all crypto markets have chances to rise, including DOGE. On the other hand, if DOGE can't hit $0.42222222 within the middle of December, it won't be easy to test that price zone very soon.
From the present rate, our first target is $0.35000000, and the final target to the upside is $0.42000000. Thus, stop-loss should be below $0.19000000.
According to price action analysis, DOGE has started its uptrend. As long as the market price is held above $0.19000000, it will be considered an uptrend, and there will be a chance to test $0.42000000 very soon.
Ahead of Christmas and the new year, most asset classes face profit-taking turmoil except commodity markets like gold and oil. So from this point of view, one or one and a half more moth all crypto markets have chances to rise, including DOGE. On the other hand, if DOGE can't hit $0.42222222 within the middle of December, it won't be easy to test that price zone very soon.
From the present rate, our first target is $0.35000000, and the final target to the upside is $0.42000000. Thus, stop-loss should be below $0.19000000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.