Doge is taking the lead in the crypto space! Very exciting move and hopefully an indicator for the rest of the cryptos. We have been holding at around 30%-50% drop on most of the market but this looks like a bullish sign.
Some important indicators to look at. Daily 20 & 50 MA are converging together. Could see some resistance at this level. Breaking above would be massive.
4Hour 50MA has been resistance on the way down. I would use that as support and entry points whenever we pull back.
Volume is still a bit low, I would like to see more confirmation of the MAs before making any entries as well as rest of the cryptos following.
Some important indicators to look at. Daily 20 & 50 MA are converging together. Could see some resistance at this level. Breaking above would be massive.
4Hour 50MA has been resistance on the way down. I would use that as support and entry points whenever we pull back.
Volume is still a bit low, I would like to see more confirmation of the MAs before making any entries as well as rest of the cryptos following.
Comment:
Rejection as expected on the Daily 20/50 MA
