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Dogecoin
$0.16567 -3.31%
DOGE · 3w

Doge setting up for a Bull run?

Looking at the Daily chart of Doge it looks like it could be in the early stage of a bull run set-up. Doge is close to the critical point for a break out. Also the 50/100/200 MA are getting sorted in the right order to indicate the optimal conditions for a bull run, only purple(200MA) should stay above green(300MA). After that a crossing of the white line (50MA) could indicate a strong uptrend. ​ **-UPDATE-**u/BYEenbro **pointed out the Log scale wasn't used and he was totally right.** Looking at Doge using Log scale, it does not change a lot regarding the MA crossover potential, but it does change a couple of things: On the daily chart the squeeze is a bit further up ahead and forming a bull flag pattern.z ​ [Day candles](https://preview.redd.it/tacw2xt3sh781.png?width=1427&format=png&auto=webp&s=dae6543aef55ad99d6b197af2d95c0a605028e94) On the weekly there is an interesting pattern to be found. It very much looks like a bull flag has formed on the weekly chart, but Doge needs to recovery it's position above the 50MA as it has had since July 6th 2020. ​ [Week candles](https://preview.redd.it/fg9cqcdxrh781.png?width=1425&format=png&auto=webp&s=7c2af3916a7b564880dfd143aee58ac2e1398903)
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