Doge is locked and loaded for launch 🚀

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1D candle chart of $DOGE at 31 August 2018 | Download here

 

Review of Technical Indicators:

RSI – clean break over 50. Sustained support above 50 RSI indicates bullish momentum

MACD – Bullish cross, with expanding volume is a great sign of buyer interest. The moving averages have also been consolidating for the past 3 months.

Moving Averages (MA) – Indicators used: 15,50,100 SMA. Strong price action close (>3%) above daily 100 SMA gives suspicion of a bullish trend reversal. Full Golden cross has already occured on 4hr time frame.

Volume – Expanding volume is a great indicator of market sentiment. This can be seen especially on the recent breakout on 30 August 2018.  $DOGE is the top ranking volume with 870BTC ahead of ETH with 470BTC on Poloniex.

 

The pattern display is a bullish symmetrical triangle that started forming in late 2017. 
Target 1 (61% fib): 78 sats
Target 2 (161% FIB): 175 sats

Hint: Profit should be taken on T1 position and place stop loss at 58 sats ( just below 50% fib)

Entries: On support of  48-52 sats, Medium term (3 month holding)

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