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FieryTrading
29. Okt. 2022 09:52

🔥 DOGE Massively Hyped: Caution Advised Long

Dogecoin / TetherUSBinance

Beschreibung

A few days ago I made an analysis on DOGE where I discussed the falling wedge break out. As of now, both bullish targets have been reached, congratulations if you took the trade.



For now, I'm still bullish on DOGE. However, I also recognize that DOGE is severely overbought with a daily RSI above 90 points.

Looking at the historical values of the RSI, a value >90 doesn't necessarily mean that we're going down. However, the market is in a very different state now than it was at the start of last year.

I'm expecting some consolidation to occur over the next few days. My previous target at 0.091 would be an ideal support area for DOGE to bounce off from.
Kommentare
AtlasTrades
Looking good to open good position, now I know in which side
Plutus_trades
.17 incoming
Crypto_Neliz
nice, curious how this will play out. may spike up to .12 / .13 if it keeps going like this. The caution is there indeed. Keep up the great work!
TradeBoy66
Thanks!
SwallowPremium
Nice chart I agree with your opinion, keep it up!! Thanks for sharing!!!✌️
edris_mo
Hello to Dodge coin goes above this?
TheNewsCrypto
Great Analysis
YMGroup
Good DOGEUSDT idea, agree! Thank you
Solldy
Excellent idea, colleague! Although I think that not everything is mentioned, but I fully support it.
Tolberti
Definitely a possible scenario on DOGE, I am watching!
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