Dogecoin / TetherUS

Analysis of DOGE for long/mid/short terms

We really like this DOGE for the past few weeks when it was consistently bouncing back on the Fib Speed Resistance Fan 0.618 level.
It was so good that we even reached the price level of $0.17++ (with the news of course).

However, that trend was broken in the past few days and the same 0.618 level is rejecting back now. IF BTC dumped lower than 39K level, we expect DOGE to go to maximum of $0.11. That would be a good time to load up a good spot bag.

One thing to note is that in lower time frame, the price action has passed the 0.618 of Fib Speed Resistance Fan level (noted with Orange color).
Thus, we might have a pull back again. We have seen that in the past 4 hours candles where it was rejected back again by higher time frame fib fan 0.618 level.

To conclude:

Long-term: Bullish.
Mid-term: Bearish (because we follow along BTC. If BTC is strong, we won't have to go lower).
Short-term: Might have a pullback to the upside for better short entry.

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