DOGE: Pullback in Uptrend
Trade setup: Price reached our target of $0.11 resistance but got overbought (RSI > 70) and pulled back on some profit taking. Pullback near $0.09 (50% Fibonacci Retracement support level) could be a swing trade entry in Uptrend, with upside potential back to $0.11.
Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $0.08 (previous resistance), then $0.07. The nearest Resistance Zone is $0.10, then $0.11.
Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $0.08 (previous resistance), then $0.07. The nearest Resistance Zone is $0.10, then $0.11.
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