DOGE: The rebound is strong and is expected to continue upward

In the analysis of DOGE on November 24, it was proposed that after DOGE breaks through the downward trend line, the possibility of continuing to fall sharply in the short term is unlikely, and long orders can be intervened in a timely manner. Then DOGE started a volatile upward trend. The current price, calculated according to the Fibonacci sequence, has exceeded the decline of 0.618. It is a relatively strong rebound and may even directly develop into a reversal trend.

In terms of technical indicators, the 1-hour OBV data continues to rise, indicating that bulls are constantly entering the market and have the opportunity to continue to raise the price. The 1-hour MACD did not fall after the dead cross appeared. Instead, it showed signs of intending to directly turn the dead cross into a golden cross through a strong rise.

Based on the recent upward trajectory of DOGE, an upward trend line (blue line) can be drawn. If the price has the opportunity to cross the blue line again in the future, you can try to enter the market with a long order.

Adjustment

The valuation range was adjusted to 0.075-0.085 during the week

operate

You can place limit price long orders between 0.79-0.8 to see if there is a chance to receive them, and the stop loss can be slightly relaxed.