#Analytics 🐶 DOGE/USDT
Update to July 25 post
DOGE continued to grow (at the moment gave another +10%), but is now trading 5% more expensive than the price from the last analytics. Recall that in it we recommended to keep buying for those who bought on July 5 recommendation (you now have ~25% profit). For those who didn't buy - there were no safe-haven options.
On the upside, DOGE confidently broke the downtrend on fairly high volume. In addition, RSI on the weekly tf is still far from overbought. We believe that the 0.095-0.112 zone will act as a magnet due to the presence of a lot of liquidity in the form of close to each other highs.
The last buying opportunity is 0.074-0.076. If the pullback is given there, we can take advantage of it. To reach the levels of 0.069 and 0.064 we need a very aggressive collapse of bitcoin. Those who are patient - you can throw orders and try to wait.
In general, our team is more inclined to the fact that DOGE may soon move to vertical growth and the 0.095-0.112 zone will be reached (this is 20-40% from current levels). Let's not say that there is no comfortable entry point right now. Those who know how to work with risks can take small volumes at least from current levels and gain on the pullback. And those who want a safer entry, we can only advise them to wait for a pullback.
Ocean TA | Education | P2P | Indicators | All trade agreements
Update to July 25 post
DOGE continued to grow (at the moment gave another +10%), but is now trading 5% more expensive than the price from the last analytics. Recall that in it we recommended to keep buying for those who bought on July 5 recommendation (you now have ~25% profit). For those who didn't buy - there were no safe-haven options.
On the upside, DOGE confidently broke the downtrend on fairly high volume. In addition, RSI on the weekly tf is still far from overbought. We believe that the 0.095-0.112 zone will act as a magnet due to the presence of a lot of liquidity in the form of close to each other highs.
The last buying opportunity is 0.074-0.076. If the pullback is given there, we can take advantage of it. To reach the levels of 0.069 and 0.064 we need a very aggressive collapse of bitcoin. Those who are patient - you can throw orders and try to wait.
In general, our team is more inclined to the fact that DOGE may soon move to vertical growth and the 0.095-0.112 zone will be reached (this is 20-40% from current levels). Let's not say that there is no comfortable entry point right now. Those who know how to work with risks can take small volumes at least from current levels and gain on the pullback. And those who want a safer entry, we can only advise them to wait for a pullback.
Ocean TA | Education | P2P | Indicators | All trade agreements