Dogecoin: Third Launch Pad Forming on Monthly Chart
Trader Tardigrade notes Dogecoin is forming its third launch pad on the monthly chart inside the same consolidation channel that preceded prior breakouts.
SourceAnalysis
DOGE is forming its third launch pad on the monthly chart, with price back at the same channel spot where prior consolidations preceded breakouts.
Price sits at $0.07 testing the EMA50 support while the EMA200 at $0.08 caps upside, and the MACD death cross reinforces bearish momentum even as RSI at 41.12 stays neutral inside the Bollinger band with resistance at $0.08 and support at $0.07.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.