Technical:
1- Doge recently had 50% correction from it's ATH. Considering previous cycles, it appears that after every massive pump, 30%-50% correction has become a trend for Doge before continuation of the uptrend.
2- Price holding a strong phycological resistance level around previous highs (0.35-.0.44) shown with a horizontal ray on my chart.
3- Price just touched 200 slow moving average in MACD_SMA_Strategy indicator and bounced back nicely.
4- RSI had been holding a support close to oversold region for a while, usually this is a bullish sign.
5- MACD is having a bullish cross.
6- Elliot wave (not shown here) says wave 4 had been completed... it should start wave 5 soon.
Non-technical (Catalysts):
1- Tesla will soon accept Doge as payment after ditching Bitcoin due to high energy consumption per transaction (which is kind of weird, how didn't know this from beginning?).
2- Space-X will send satellite Doge-1 to the moon. Mission Entirely paid with Doge.
3- Coinbase just announced (in their earning call) that they will add Dogecoin in next 6-8 weeks. This is huge. Historically 90% gain happened after coinbase listing to other coins.
4- Developers are back working on Dogecoin cores and nodes upgrades.
1- Doge recently had 50% correction from it's ATH. Considering previous cycles, it appears that after every massive pump, 30%-50% correction has become a trend for Doge before continuation of the uptrend.
2- Price holding a strong phycological resistance level around previous highs (0.35-.0.44) shown with a horizontal ray on my chart.
3- Price just touched 200 slow moving average in MACD_SMA_Strategy indicator and bounced back nicely.
4- RSI had been holding a support close to oversold region for a while, usually this is a bullish sign.
5- MACD is having a bullish cross.
6- Elliot wave (not shown here) says wave 4 had been completed... it should start wave 5 soon.
Non-technical (Catalysts):
1- Tesla will soon accept Doge as payment after ditching Bitcoin due to high energy consumption per transaction (which is kind of weird, how didn't know this from beginning?).
2- Space-X will send satellite Doge-1 to the moon. Mission Entirely paid with Doge.
3- Coinbase just announced (in their earning call) that they will add Dogecoin in next 6-8 weeks. This is huge. Historically 90% gain happened after coinbase listing to other coins.
4- Developers are back working on Dogecoin cores and nodes upgrades.
