Dogecoin, Long Opportunity

2 May 2018

Daily
Taking a look a tour trend timeframe we see price is currently testing our daily minor support @ 55 satoshis . No clear signs of bullish or bearish moves. Price has recently formed a new high @ 70 satoshis. It is possible this could be Dogecoin’s Higher Low. Stochastic RSI showing momentum has bottomed out.


4hour
Shifting over to our pattern timeframe we see price has broke out of its bearish channel. Ideal entry would be a with a break and close above 60 sats on the 4hour. Stochastic RSI showing momentum is bullish.

*Smaller timeframe show messy candles*