Dogecoin (DOGE): Trend Seems Weak, Buy or Sell??

2024年5月29日

Dogecoin is back on trend with a two-way scenario here.

The first one is clean, where we might see further upward movement while bouncing off the trend line.

The second one is where we break the EMAs and trend, which would result in a movement towards the lower support zone.

Swallow Team

2024年5月30日

註釋

Dogecoin is attempting to break that trend there, which could start the downward movement from here.

As you know, we had a small trade already, which we took, so let's see how it will unfold in the coming days!

2024年5月31日

註釋

While we see a broken trend here, we also see that 200EMA is holding the price up, which is the next big step for us.

We need to secure that 200EMA in order to see further movement to lower zones, which would result in a nice double bottom pattern as well!