DOGE is in the process of confirming a major weekly bullish divergence.
1. Price double bottom confirmation - this forms an uptrend
2. MACD downtrend - further supported with MACD histogram creating higher low as indicated by green lines
3. PFE downtrend - very sharp contrast
Price uptrend combined with multiple oscillator downtrends is classical hidden bullish divergence.
4. Decreased consolidating volume - liquidity is low and spread on exchanges are thin (necessary set-up for volatile price action)
5. Price confirms 50 EMA twice - simultaneously having crossed MACD and massive oscillator downtrend and not breaking below 50EMA indicates very strong support on price upside.
1. Price double bottom confirmation - this forms an uptrend
2. MACD downtrend - further supported with MACD histogram creating higher low as indicated by green lines
3. PFE downtrend - very sharp contrast
Price uptrend combined with multiple oscillator downtrends is classical hidden bullish divergence.
4. Decreased consolidating volume - liquidity is low and spread on exchanges are thin (necessary set-up for volatile price action)
5. Price confirms 50 EMA twice - simultaneously having crossed MACD and massive oscillator downtrend and not breaking below 50EMA indicates very strong support on price upside.