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RE: $DOGE/BTC Poloniex Technical Analysis Sept 10, 2016.

in #dogecoin8 years ago

COMMENT

Doge has had 3 bigger waves/pumps so far which seem to be marking an accumulation zone which looks like having a resistance around ~100 satoshi.
After the early 2016 pump the price started coming back down and seems to be near the next trend change point.
The volume has been dropping since the pump happened but recently it seems some heavier buys started happening.
IMHO $DOGE has a huge upwards potential at the moment with very low downwards potential
I would expect the price to maybe go down a little bit more, possibly hitting that 32 satoshi support level and also the trend line, after which the only way I see it going is upwards towards the top border of the triangle.:

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Crazy, it's so funny to think that Doge is literally a joke, but somehow it is still being traded. Interesting to see it looks poised for another jump though.

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