Doge - USD

2021年11月28日

Not a lot of analysis is needed for doge. As we can see it has been trading relatively sideways for months. That doesn't mean there isn't money to be made, however. We can see that the RSI and MACD follow price action to a fault. as it stands the RSI is touching its usual reversal point and the MACD will likely follow suit. This is basic wave trading and we're really just looking at catching the swings as Doge continues sideways. That noted, we should be setting a tight stop loss should you wish to enter pre MACD confirmation which I will be doing. I'll be looking at a 4c stop at .16 and the first target around the .25c mark. The primary goal is 30c though I'll be rolling my stop with the action. The reason I say tight stop is that sideways action doesn't continue forever and if BTC continues with these sell-offs DOGE could take an unexpected hit if it's also at the bottom of a wave.