DOGE

Trade setup: Price is in an Uptrend. After breaking out of a Channel Down pattern, price spike up as high as $0.15 for a 85% gain. However, price is now very overbought (RSI ~ 90!). Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity. Fibonacci Retracement level (possible support) at $0.110 (61.8%) lines up with a horizontal support level of $0.11. Thus, if price pulls back to $0.11, that would be an attractive swing trade entry in Uptrend, with +35% upside potential back to $0.15. (set a price alert).

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.

Support and Resistance: Nearest Support Zone is $0.110 (previous resistance), then $0.075 - $0.080. The nearest Resistance Zone $0.150.