Hello traders,
The last days have been rough for doge coin and cryptocurrency in general, doge coin lots around 80% of its current value and made a new dip.
As we can see on the chart, the price made an ABC corrective pattern which is now done, indeed, it went back down to the reload zone ( between 0.618 and 0.786) to permit to the wales to buy more and more.
What's next ?
As we can see on the MACD, there is a tightening of the momentum which means that the price could spike up or down in the next hours.
The OBV shows that despite the huge dip, the total volume of transaction didn't decrease at all which is good new for the bulls.
The new wave which is forming right has beaten the first stop (not drawn on the chart), so we can expect a consolidation before going back up to the short reload zone (red square) and potentially break the all-time high
How much doge coin do you have in your wallet ?
The last days have been rough for doge coin and cryptocurrency in general, doge coin lots around 80% of its current value and made a new dip.
As we can see on the chart, the price made an ABC corrective pattern which is now done, indeed, it went back down to the reload zone ( between 0.618 and 0.786) to permit to the wales to buy more and more.
What's next ?
As we can see on the MACD, there is a tightening of the momentum which means that the price could spike up or down in the next hours.
The OBV shows that despite the huge dip, the total volume of transaction didn't decrease at all which is good new for the bulls.
The new wave which is forming right has beaten the first stop (not drawn on the chart), so we can expect a consolidation before going back up to the short reload zone (red square) and potentially break the all-time high
How much doge coin do you have in your wallet ?