Dogecoin Getting Closer To Breakout!
Dogecoin (DOGEBTC) continues trading within the "accumulation zone"... Every day that passes we get closer to a bullish breakout.
Right now the MACD supports a bullish move and the RSI is looking good.
Both indicators are still showing some weakness, not fully bullish but starting to move in favor of the bulls.
With prices moving above EMA10 after 3 months of consolidation... The jump can happen anytime now.
NOTE: Just as DOGEBTC can break up in a few days, it can also take several weeks... No strong signals are in yet.
Still, this is a good support level to buy and hold.
You can always use a tight stop-loss for a very low-risk trade, with very high potential rewards.
Namaste.
Right now the MACD supports a bullish move and the RSI is looking good.
Both indicators are still showing some weakness, not fully bullish but starting to move in favor of the bulls.
With prices moving above EMA10 after 3 months of consolidation... The jump can happen anytime now.
NOTE: Just as DOGEBTC can break up in a few days, it can also take several weeks... No strong signals are in yet.
Still, this is a good support level to buy and hold.
You can always use a tight stop-loss for a very low-risk trade, with very high potential rewards.
Namaste.
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🔝 Daily Cryptocurrency Technical Analysis
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