DOGE/USDC - (Bullish) DOGE surged after Trump won US election
Market & Ticker: Ethereum – DOGE/USDC
Date: 12/11/2024
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
DOGE is confirming a bullish dynamic after having reached and surpassed 0,19 tactical resistance. As long as 0.25 remains a support valid in daily close we do expect an imminent further bullish reaction towards 0,52 and 0,83 strategic resistance
Technical Key Elements:
- RSI indicators is > 50% without divergence
- The Moving average are support and accelerating
- Fibonacci key resistance area at 0,52 before 0,83 and support at 0,25
Trade Idea conclusion: Buy
- Target 2: 0,83
- Target 1 : 0,52
- Strategic/Tactical Support: 0,25
- Target alternative: 0,19
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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