This is DOGE on the Daily
This chart is screaming upside potential.
The move began with two higher lows off the 0.786 Fib level at \$0.15924. From there, price blasted through both the 50MA and 200MA straight into the 0.618 Fib at \$0.28336 — an 80% rally.
What followed was a healthy 33% correction, briefly pausing at the 0.5 Fib level (\$0.22135), which sits midway between the long-term 0.786 and 0.618 levels.
The dip stopped right at the 50MA, which once again acted as a springboard — sending price back above the 200MA, the BB center, and reclaiming the 0.5 Fib, which today is holding as support.
A golden cross is now imminent. The last time DOGE saw this setup was in early November 2024, which led to a 200% move.
In my opinion, today could offer a strong long opportunity — with a stop loss below the 0.5 Fib or even the 200MA, depending on your risk profile.
Always take profits and manage risk.
Interaction is welcome.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.