Doge is trading within the traditional Fibonacci retracement levels and more recently is showing signals of a symmetrical triangle pattern.
Price target around $0.35-$0.40 with resistance at $0.44.
A touch down to $0.21 is still possible and would benefit the breakout overall. A touch near the pink circles would be ideal. A rough deadline for the breakout would be mid month (October 23rd.) But Doge could see a breakout within the next few days if buyers (such as Robinhood investors) continue pushing the price up.
The R.S.I is showing a breakout from a downtrend, which is also reinforcing the bullish scenario.
*Additional Trading Journal Notes: The R.S.I for Doge is unlike most crypto's and has seen a test to the 100 level; 80 and beyond would not be uncommon. Robinhood is releasing a "Crypto Wallet" soon which could drive up the cost of Dodge once released.
Price target around $0.35-$0.40 with resistance at $0.44.
A touch down to $0.21 is still possible and would benefit the breakout overall. A touch near the pink circles would be ideal. A rough deadline for the breakout would be mid month (October 23rd.) But Doge could see a breakout within the next few days if buyers (such as Robinhood investors) continue pushing the price up.
The R.S.I is showing a breakout from a downtrend, which is also reinforcing the bullish scenario.
*Additional Trading Journal Notes: The R.S.I for Doge is unlike most crypto's and has seen a test to the 100 level; 80 and beyond would not be uncommon. Robinhood is releasing a "Crypto Wallet" soon which could drive up the cost of Dodge once released.
Commento:
Possible Scenario for
@Shibtoken
and
@dogecoin
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@Shibtoken
and
@dogecoin
and their linked pricing. Subscribe to my "Trading Patreon" and get a leg up on the competition!
linktr.ee/marcosdaunte
www.patreon.com/dauntetrading