DOGE has broken out of a downward channel which is the handle of a cup & handle pattern.
Price action is sitting between strong support and strong resistance, and between the 50MA (support) and the 20MA (resistance).
The 4hr MACD has just crossed up over the signal line after a long'ish downtrend, which is bullish.
RSI is approaching the 50 from below. If it crosses over I expect a jump in price.
If price breaks above the 20MA, the $0.28 level will provide another resistance, and then the 0.372 Fib level to about $0.30.
I'm eyeing $0.35 (the 0.5 Fib level) as a target.
NFA.
Price action is sitting between strong support and strong resistance, and between the 50MA (support) and the 20MA (resistance).
The 4hr MACD has just crossed up over the signal line after a long'ish downtrend, which is bullish.
RSI is approaching the 50 from below. If it crosses over I expect a jump in price.
If price breaks above the 20MA, the $0.28 level will provide another resistance, and then the 0.372 Fib level to about $0.30.
I'm eyeing $0.35 (the 0.5 Fib level) as a target.
NFA.