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FxWirePro: Dogecoin recovered more than 50% in three trading session amid weakness in Bitcoin ,good to buy on dips
Overall trend: Bullish
Ichimoku Analysis (daily chart)
Dogecoin recovered sharply more than 50% from the low of $0.00441. The pair hits high of $0.0070396 and is currently trading around $0.006208.
The pair has lost more than 15% in the past two trading session. Short term trend is bullish as long as support $0.00440 holds.
On the higher side, near term resistance is around $0.007040 and any break above will take the pair to next level till $0.0080/$0.00870/$0.0100.
The near term support is around $0.0044 and any violation below targets $0.0040/$0.0035.
It is good to buy on dips around $0.0050 with SL around $0.0044 for the TP of $0.007/$0.0080