✴️ Dogecoin | Trading Perspective (180% Next Target)

2023年1月26日

Let's focus on the trading perspective today, because I know many of you readers are actually Dogecoin holders so there is no point in talking signals.

Let's get to some useful facts.

DOGEUSDT hit a low June 2022.
It continues trading within higher lows and also producing higher highs.

We can say we have wave 1, 2, 3 and 4 already on this chart and we are only missing the fifth wave which must be a higher high and that's the $0.2435 target (180% potential from the current price).

On higher timeframes there can be more but based on the volume profile and price action we have at least 3 waves in.

The main and most important support levels are the 0.06600 which is the 30-Dec. low and MA200 at 0.07535.

As long as Dogecoin stays above these levels all you need to do to succeed, to profit is to have patience.

It doesn't matter what happens, shakeouts, tsunamis, hurricanes, war... If DOGEUSDT remains above this level, you can feel safe and secure in the knowing that is set to grow to eventually hit a higher high.

Now, if it goes below these levels things can change.

Fail safe/emergency support.
If the 0.06600 level fails we still have the rising trendline from June as support and this is the last level for the bulls to continue ahead of the game in the mid-term.

Long-term, Dogecoin is a winner above the June 2022 low.

Simplifying all this; You can rest easy, the bulls are in full control.

Bitcoin went ahead today and hit a new high, sending a bullish signal across the entire market.

If it goes ahead strong as I described in a recent article, the altcoins can drop but not for too long... They would drop and pause, sideways... Until Bitcoin finishes its big move.

Higher lows lead to higher highs.
Trading above MA200 is a long-term bullish signal.
All the stars are aligned, literally. All the planets are moving forward/direct in the cosmos relative to earth.

All the energies are forward now for the next three months.

This will be a very interesting period and cryptocurrency will benefit and so all those that are involved.

Namaste.