DOGE – Time to fill the GAP!
Let’s see how DOGE is behaving.
This is a 1D chart. (Long Term)
I hope this idea goes on the Editors’ Picks section because many people don’t know and should learn what a ‘Gap’ is.
When prices in a market jump up without any logical reason, which happened to both Bitcoin and Doge (And many other coins), you can always see a gap forming between the lastest natural resistance and the recent bottom (support) of the price range (This has been shown on the chart with blue dotted lines.)
This invariably means a “bubble” in our market needs to be broken to have a healthier market.
Now, as you can see, the price has backed down. This is NOT a bad sign! It means that market is correcting, consolidating, and building a better ground for safer trades and price actions.
Support levels: $0.10000
Resistance area: $0.17860
Gap range: $0.11370 – $0.16720
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing STRONG SELL volumes for DOGE.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that DOGE is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It’ll help you have better readings:
Current Market Price: $0.12350
Let me know your ideas.
Good luck.



