DOGE WILL REACH $1 BTW MAY 09 AND MAY 11 IF THIS HAPPENS
NB: I'm not a financial advisor.
In a nutshell, from the chart, you can see the blue ascending triangle. the final day for doge to trade in that triangle is May 08, 2021.
A breakout from that triangle will take the price to test $0.9 making it possible to reach $1 within the specified date range. A breakdown will take the price to test $0.5 then $0.4 to $0.37 price range.
- The highlighted rectangular box is the date range for doge to reach $1 if it stays within the boundaries of the channels shown on the chart.
- The dash-dotted lines show possible resistance and support on its way to $1
- The RSI indicator is bullish which suggests that we can expect a bullish MACD cross on the four-hour chart to happen.
FINALLY
If I were you I will put my Stop Loss at $0.49 because if it breaks below $0.5 the chances of it going down to $0.4 or even below before the next Elon Musk tweet is very high.
In a nutshell, from the chart, you can see the blue ascending triangle. the final day for doge to trade in that triangle is May 08, 2021.
A breakout from that triangle will take the price to test $0.9 making it possible to reach $1 within the specified date range. A breakdown will take the price to test $0.5 then $0.4 to $0.37 price range.
- The highlighted rectangular box is the date range for doge to reach $1 if it stays within the boundaries of the channels shown on the chart.
- The dash-dotted lines show possible resistance and support on its way to $1
- The RSI indicator is bullish which suggests that we can expect a bullish MACD cross on the four-hour chart to happen.
FINALLY
If I were you I will put my Stop Loss at $0.49 because if it breaks below $0.5 the chances of it going down to $0.4 or even below before the next Elon Musk tweet is very high.
הערה
Just a little update.Keep an eye on SNL it starts at 8:30 PM pacific. If the Dogefather fails to mention doge at the show the price will likely correct. a stop loss at $0.63 would be wise. If the Dogefather mentions doge on the show then $1 is almost certain.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.