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Monthly
Looking at our trend timeframe we see price has broke out of it’s downtrend, stochastic rsi showing momentum in favor of bulls. Looking at our August candle we see it has engulfed the previous 7 months and decided to breakout. September left us with a retest of of support at 60 satoshis, and now testing our resistance at 105. Is Doge giving us an early sign of a bull market…will watch smaller timeframe for entries.
Weekly
Shifting over to our pattern timeframe we see this week’s candle tried to break our resistance leaving a high at 110, stochastic rsi showing momentum is favor of bulls. Momentum is over extended and we should see a small sell off in price before our 2nd attempt to break 100. A weekly close above 100 and expect a run towards 150.
Conclusion
- Buy: After Daily Close Above 100
- Sell: Nooo
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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