I'm not sure what it is about Doge. But I can't seem to stay away. My first Doge buy ended badly, I sold my second for a profit, and I might be eyeing my third.
I asked some friends to convince me that this is not bullish.
Bullish indicators:
- Bullish momentum into the top resistance line
- Forming a bullish pennant
Possible "gotchas"...
- There are really only two confirmations on the top resistance line. It's a long term line, but not a ton of confluence across the line.
- The Stochastic RSI suggest overbought - which could be an indicator that the price will drop... and it's already riding the support line.
Could this be another big move for Doge?? I'm going to see what happens over the next few days and maybe eek out another successful swing trade.
Comment:
As the StocRSI indicated... definitely a bit of a dip over night. Will be interesting to see if it holds.
