DOGE bearish short term but bottom is very near; big upside
Dogecoin / US Dollar (calculated by TradingView) BINANCE:DOGEUSD
Doge may still fall some more. Bollinger Band is still pointing downwards. It has yet to conquer the Ichimuko Cloud in the daily chart…so some sideways with bearish bias.
The best scenario is to seek a double bottom at 0.1067 previous low which was 1.272 Fib level of wave b of abc corrective wave.That may well be the wave c bottom since Doge has already corrected more than 85.4% from top.
However if BTC falls, doge may still fall further to the maximum pain zone 0.0777 or even 0.50 worst case.
Not trading advice
