✴️ Dogecoin Shortterm Technicals Remain Bullish Wild Speculation

24 בדצמ׳ 2022

We have to admit that everything stopped due to the holidays but the chart technicals remain bullish even in the short-term... Let's review them.

First, let me mention that things can change fast when looking at the short-term.

What we see now can change in a matter of hours.
This isn't something good or bad, it is just how the markets work.
There is always movement, there is always action.
Everything that is happening globally affects the markets, any piece of news or event can push prices down or up.

Second, my own piece of wild speculation, EM is going to buy big into crypto, Dogecoin/bitcoin, after the TSLA stocks sell.

Let's begin.

We can see prices trading above EMA10 and EMA21.
We had a rejection at EMA50 but no retrace showed up instead just consolidation is taking place.

The RSI is bullish above 50 and we have higher lows since 19-Dec.

The bias is up/bullish after the 19-Dec. bounce and we expect continuation based on these signals.

There needs to be a break and close below $0.06997 (19-Dec.) for the bullish bias to be invalidated. Any trading above this level and we remain bullish.

This is Dogecoin short-term for you. 🚀👍

Namaste.