DOGE had a good run, I had high hopes for $0.70. I am in huge profit, but I had to re-evaluate my position fast. And i thought I need to put this out there. Plus what i saw on my chart can be kept to myself alone.It's a Bearish Rising Wedge - a clear bearish pattern.
While last ATH of
DOGE is still on the table, i fear it must pull back before that comes, as seen on the chart. I have taken profits, I will re-enter when BTC is done with the temporary pullback currently ongoing.Here are key tips to note:
1. 200EMA will be tested
2. 9% drop in the last 24-hour
3. Support $.4282 (hopefully it holds, if it breaks, $.30 isn't impossible)
4. F & G index at 78 (extreme greed)
5. Longs positions are more than the Shorts (encouraging)
6. The RSI is been overbought for a while now, short correction needed.
Like and follow. Comment if you disagree.
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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.