✴️ Dogecoin | Update, Patience (Name Your Altcoin #40)
The last altcoin of part 4 of this series is Dogecoin (DOGEUSDT), we will do an update.
I looked at Dogecoin so many times that we are left with no doubts, so the update means a fresh look at current price action rather than reading major signals or potential targets for growth.
Dogecoin moved first, it went ahead.
As the rest of the Altcoins are growing and breaking bullish, last week DOGEUSDT moved lower.
Money flowing out of Doge moves to smaller Altcoins projects.
What we have now is simply a consolidation phase.
Notice last weeks volume... Pretty low to break below EMA10.
The previous 5 weeks strong bull volume.
This keeps the bullish bias safe and within higher lows we simply wait, patience, before the next high takes place.
The bulls bias remains intact as long as DOGEUSDT trades above $0.055 or the October 2022 low.
Namaste.
I looked at Dogecoin so many times that we are left with no doubts, so the update means a fresh look at current price action rather than reading major signals or potential targets for growth.
Dogecoin moved first, it went ahead.
As the rest of the Altcoins are growing and breaking bullish, last week DOGEUSDT moved lower.
Money flowing out of Doge moves to smaller Altcoins projects.
What we have now is simply a consolidation phase.
Notice last weeks volume... Pretty low to break below EMA10.
The previous 5 weeks strong bull volume.
This keeps the bullish bias safe and within higher lows we simply wait, patience, before the next high takes place.
The bulls bias remains intact as long as DOGEUSDT trades above $0.055 or the October 2022 low.
Namaste.
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