DOGE/USD - Ranging in a channel, wait for breakout

Doge is in a 17% price range. We've touch the local support every day almost and indicators seems to want to cool-down a bit, so we may range or dip lower soon. If not, we can continue the up-trend once we break the local resistance.

Ideally you would want to buy at Fib 78.6% level. That is a safe area to buy. There is also a lot of air under the Fib 38% support line, if that breaks, we may fall quickly down.

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We are going to test the Fib 78 level. This has to hold, otherwise we are in trouble longer term.