Let the big Doge walk

29 בנוב׳ 2021

Doge has no doubt created a new sector of meme coins in crypto and as the segment leader (despite a brief flipping by SHIB) it looks primed for higher. Mid-Oct breakout from channel and then a re-test of that channel along with a retest of the 50ma. Additionally, the RSI has been bottoming out around the low 40s range that has typically been a good buying opportunity over the past year. The safest entry would be to wait for a green candle closing above the 50ma this week. I wouldn't rule out another test of this level but as long as it continues to hold then it becomes more and more convincing.

21 בינו׳ 2022

הערה

We broke below the 50ma which was a bad sign, as well as breaking back into the channel.We've since bounce out of the channel with weak volume, but the RSI has managed to hold this mid-40s level which is promising. I am not entering a trade yet on this.