DOGEUSD say thanks for the Biden presidency they shut down the government and its killing the market but TRUMP gonna make even GREATER just buy and hold!!!
DOGEUSD we basically were ranging for 37 days after the inital pump. bollinger bands got pretty tight. negative reaction. dump. looks like they are staring to close in on each other again. hopefully this time positive reaction bringing us back into range. then a continuation to the top of the range. guess we will see.
DOGEUSD Looking at this weekly chart for Dogecoin (DOGE/USD), here are some observations:
1- Recent Downtrend: The current red candlestick and its size suggest a significant downward movement. The price has dropped substantially after a strong rally in recent weeks.
2- Support at 0.26: If 0.26 was touched only once and rejected upward, it might indicate strong support at this level. A retest of this level could provide an opportunity for a potential bounce if the support holds.
3- Volume: The volume bar shows a moderate decline, which could indicate reduced selling pressure compared to the previous candles. However, if the volume increases while the price approaches support, it may suggest further downward pressure.
4- Indicators: - RSI: If RSI remains above oversold levels, it could support a potential recovery. - MACD: A bearish crossover or histogram momentum declining suggests the current trend could continue downward.