Dogecoin
Long
Updated

Dogecoin - This Candle Decides Everything!

3 159
Dogecoin (DOGEUSD) is about to close above support:

snapshot

Click chart above to see the detailed analysis👆🏻

When we look at the chart of Dogecoin, we can again see that this bullish cycle was starting with a clear rounding bottom formation. This simply means that there is a 100% chance that a bullish parabolic rally will follow and this monthly candle might just be the beginning.

Levels to watch: $0.15, $0.5

Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Dogecoin (DOGEUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

With the monthly candle of March, Dogecoin finally closed above the significant horizontal structure and is about to confirm the bullish break and retest. The overall trend still remains bullish and at least a retest of the previous highs is totally possible soon.

Levels to watch: $0.15, $0.5

Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Dogecoin (DOGEUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

Like most cryptocurrencies, also Dogecoin doesn't look too bullish on the smaller timeframe. However the higher timeframe is still pointing higher with the potential bullish break and retest. Since we have not seen bullish confirmation yet though, either move is possible.

Levels to watch: $0.15, $0.5

Keep your long term vision,
Philip (BasicTrading)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.