The RSI has gone from 96 to 57 on the daily timeframe in just one week, and we're looking at a sharp bounce off the 21 day EMA (as expected) . Buy the dippers are going to be lining up to grab the (perceived) discount, so imo there's a tradable bounce here back near ATHs. Let's see how next week shapes up, and if potential weakness in equity markets (and bond markets) throw a wrench in Doge's potential rebound. Trade with caution...
Commento:
*Log scale*
