Coin Name: $DOGE
Position: LONG
Entry Price: 0.16315
DOGE has broken out of a descending channel, which is typically a bullish pattern. It could be a good opportunity to add some DOGE to your spot portfolio. If it retests the breakout zone, there’s potential for an inverse head and shoulders to form—another bullish signal. That’s why I’m leaning bullish on DOGE right now.
On the 1-day timeframe for USDT.D, I’m seeing a rejection from the upper trendline. Additionally, the RSI has broken below its support level, and the MACD is showing increasing selling pressure.
On the 1-hour timeframe of the US 10-year bond chart, I’ve noticed the formation of a CME gap. I believe the bond may move down to fill that gap, which could be a bullish signal for the crypto market.
Targets:
1st TP 0.1900
2nd TP 0.2150
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$DOGE
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