Dogecoin Corrects Over 100% From Novembers Low (Easy 45%)

20 dic 2022

We can see that Dogecoin (DOGEUSDT) is likely to be completing its correction after retracing 100% from its early December high.

The same signal we just looked at on the Ether (ETHUSDT) chart can be seen here.

Notice how the red volume bars starting 27 Nov become smaller and smaller until they reach the 19 Dec low.
This is a sign of the bears losing momentum.

We have a bullish divergence on the RSI since 11 Dec and with these lines we can also draw a falling wedge/reversal pattern.

This can be a good setup for trading, low risk.
A tight manual stop-loss can be set around 0.06990 while aiming upwards.

Easy 40%+ potential on the way up.

Namaste.