For some reason, the public’s favorite meme coin, Dogecoin, is completely sad. And the unofficial “CEO” Elon Musk is treacherously silent on his social network.
We think it’s time for this coin to wake up from its bearish hibernation and set off to conquer heights.
In general, according to your numerous requests. It was decided to publish a public trading idea so that you don’t get bored and also take the cream from the market.
Let's just agree right away. When the coin reaches its goals, you will thank us with a donation. If you fulfill this condition, then we undertake to post new ideas publicly.
🕯 Technical analysis$DOGE
The coin has finished forming the bullish Wedge pattern, which has been forming for a whole year! The volumes decrease as they narrow within the figure, which is an ideal combination for this pattern.
The volume profile shows huge buyer interest at +- current levels.
Now the coin is actively trying to break through the key resistance level of $0.071, along which the long-term moving average MA200d was moving. The short-term moving average is already starting to look up, which means that another bullish Golden Cross pattern will be formed in the next week or two.
💡 Entry price: $0.0686
🦌 Stop loss: $0.06172 (can be taken without a stop)
🎯 Targets: $0.0915 $0.11 $0.127
Risk profit: up to 8.22 to 1
📊 Result: According to the technique, the coin is completely ready to fly upward. Most likely, in the near future we will see a new tweet from Elon Musk, due to which the price of the coin will more than break through the nearest resistance and begin to close the set goals. In fact, the coin is just waiting for this. Let's see if technical analysis can predict this event. 🤔
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