Crypto has been in a precarious spot since BTC's drop last week. Looking at Doge, it's starting to find support from the Ichimoku cloud on the 2-hour chart. It's also been finding support along it's 20 and 50 MA's.
IF this coming support effects Doge in an upwards movement, I believe we'll be testing 31 sats, then 34, and afterwards the sky is the limit. Now is still a nice time to buy in.
However, if BTC takes any dramatic moves downward (or upward maybe), I would expect Doge to do the same and make this analysis invalid. It's possible it could rebound down from the 200 MA (purple line). But if it breaks through it, possibly a powerful up.
Not investing advice. Take with a grain of salt as you should with all trading.
IF this coming support effects Doge in an upwards movement, I believe we'll be testing 31 sats, then 34, and afterwards the sky is the limit. Now is still a nice time to buy in.
However, if BTC takes any dramatic moves downward (or upward maybe), I would expect Doge to do the same and make this analysis invalid. It's possible it could rebound down from the 200 MA (purple line). But if it breaks through it, possibly a powerful up.
Not investing advice. Take with a grain of salt as you should with all trading.
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Made a move up to 30 sats during BTC's sad day. Watching closely.
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Bouncing off strong resistance. Could be the move.
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