Snowshine

DOGE/BTC Long-Term trade Idea (Bullish)

Long
BITTREX:DOGEBTC   Dogecoin / Bitcoin
Hello guys, today I'm sharing with you a long-term scenario:

DOGEBTC

I'm expecting a big movement soon.

He's my reasoning:

- The price is inside a huge reversal zone. (green box)
- OBV is showing us that money isn't flowing out of this coin. (fresh money accumulation buying or holder not selling)
- My custom indicator Prometheus has printed a buy Signal.
- Resistance trendline might have been broken.


I'm targeting 50% of the last down movement which is inside the big red box.
This is just a technical Analysis. I've no idea if DOGE Fundamentals is good or not.
If you are bullish on this coin, this might be a good opportunity to buy some.

Buy ~29-30

Tp1 65
Tp2 100
SL 20(or none)

Have a good day!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.