A member asked me about DOGE/BTC TECHNICAL ANALYSIS.
Let me share some details below:
1- Current Market Price : 55 Satoshi
2- Strong Support 1: 50 Satoshi (50 Day Moving Average & right shoulder)
3- Strong Support 2: 40 Satoshi (head line of the H&S Pattern)
4- Strong Resistance 1: 70 satoshis (Neckline)
5- Strong Resistance 2: 100 satoshi ( H&S Pattern will be completed here and previous ATH level)
6- Trend: Bullish, Correction is going on.
7- Candle Stick: No specific Candle stick pattern found.
8- Chart Pattern: Inverse Head & Shoulder Pattern
Recommendation: Those who want to buy this pair, may enter at 50 satoshi or above with stop loss below second support level i.e. 40 satoshis and profit target 70 and 100 Satoshi.
