Doge looking good on the daily.
Weak bullish trend at the moment with possible bottom pattern forming. At resistance now. A strong rejection here is a clear exit signal.
Some traders will say its a "Cup and Handle" pattern, but the volume profile does not match that pattern. And that is more typically a continuation pattern than a reversal pattern.
Daily close above Resistance (red dashed) is a good entry signal. Already in a partial position and will add to it on successful close above and retest of breakout (if one occurs).
Doge has made successively higher lows all year, and may have just made a new one, short term at least.
Weak bullish trend at the moment with possible bottom pattern forming. At resistance now. A strong rejection here is a clear exit signal.
Some traders will say its a "Cup and Handle" pattern, but the volume profile does not match that pattern. And that is more typically a continuation pattern than a reversal pattern.
Daily close above Resistance (red dashed) is a good entry signal. Already in a partial position and will add to it on successful close above and retest of breakout (if one occurs).
Doge has made successively higher lows all year, and may have just made a new one, short term at least.
Note
Doge still un-ironically looking like one of the best trades. I added on the volume breakout above resistance and will add on a retest if we get one.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.