✴️ Dogecoin Update | Prices Remain Strong Despite Correction

18 jul 2023

The same situation we have with Cardano and other major Altcoins that broke bullish last week, is true for Dogecoin, let's see.

After the 10-June long-term higher low, action has been slow but bullish. Dogecoin continues pushing higher, this is still a corrective phase.

As prices moved above the EMA100 resistance, a rejection followed and a retest of support. Despite this rejection, DOGEUSDT remains strong.

The current price trades above EMA50 and EMA21, two medium-term indicators.

Regardless of the strength of these indicators, looking at them would be focusing on the really short-term, the bigger picture is up, this is what matters.

We wait patiently and we can see a resumption of the bullish wave that started more than a year ago.

Confirmation came in early/mid-July, all that is left is to wait for the new high.

Action should be maximum good late July and early August.

After this date we can get a vacation... Just kidding (not really!).

Thanks a lot for the support.

Namaste.