DOGE: Resistance Breakout
DogeCoin (DOGE) technical analysis:
Trade setup: Following a bullish breakout from Descending Triangle, price has also broken above $0.07 resistance and 200-day moving average, which confirms an Uptrend. Upside potential to $0.08 near-term.
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.07, which it broke, then $0.08 and $0.10.
Trade setup: Following a bullish breakout from Descending Triangle, price has also broken above $0.07 resistance and 200-day moving average, which confirms an Uptrend. Upside potential to $0.08 near-term.
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.07, which it broke, then $0.08 and $0.10.
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