DOGE - Prepping for Bull Market
We are also seeing DOGE paint the necessary signals in the chart to give investors confidence of a bull market on the higher timeframes.
Therefore we have the weekly chart (left) and the monthly chart (right).
On the weekly chart:
- Perfect test of the red 100 MA (Where the bottom was formed)
- A close above our blue 200 MA would flip that back into support.
- Welly RSI developing uptrend (white line/ green arrows)
On the monthly chart:
- Holding the 21 and 50 MA (purple/green MA)
- Monthly RSI trying to flip the median line into support
The median line is the 50 level which was old resistance for over a year (red arrows) and is currently trying to act as a new level of support (green arrows)
Of course, these are higher timeframe signals, so could take some time to go into full effect but looking good.
Therefore we have the weekly chart (left) and the monthly chart (right).
On the weekly chart:
- Perfect test of the red 100 MA (Where the bottom was formed)
- A close above our blue 200 MA would flip that back into support.
- Welly RSI developing uptrend (white line/ green arrows)
On the monthly chart:
- Holding the 21 and 50 MA (purple/green MA)
- Monthly RSI trying to flip the median line into support
The median line is the 50 level which was old resistance for over a year (red arrows) and is currently trying to act as a new level of support (green arrows)
Of course, these are higher timeframe signals, so could take some time to go into full effect but looking good.
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