Few days ago I made a short-term analysis on DOGE and the pending break out.
For today, I'd like to zoom out and look at the overall state of DOGE. It's apparent that DOGE is lagging the market at the moment, as mentioned in my last analysis. Noting that, we can assume that DOGE can surely see another 20%-30% move as long as BTC doesn't fall off.
In the longer term, DOGE has to leave the yellow area of resistance first. A daily close above this area would be a bullish sign for me. Potential mid-term target at the moment is $0.43.
Happy trading!
For today, I'd like to zoom out and look at the overall state of DOGE. It's apparent that DOGE is lagging the market at the moment, as mentioned in my last analysis. Noting that, we can assume that DOGE can surely see another 20%-30% move as long as BTC doesn't fall off.
In the longer term, DOGE has to leave the yellow area of resistance first. A daily close above this area would be a bullish sign for me. Potential mid-term target at the moment is $0.43.
Happy trading!
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