Doge Doom Before the Boom
On the weekly timeframe, Dogecoin (DOGE) needs to decline to 0.05533 after hitting the above fair value and forming a choch downside. The daily timeframe is tricky, as it appears to be bullish, but I believe this is manipulation by smart money to unload their recently-made profits. As a result, DOGE could decline to 0.06109. In the short term, I could see DOGE range-bound on the 4-hour timeframe until something big happens. However, the main point is that this downside is temporary and will be followed by a huge pump.
Technical Analysis
Weekly: DOGE has reached the above fair value and has formed a choch downside. This suggests that a decline to 0.05533 is likely.
Daily: The daily timeframe is tricky, as it appears to be bullish. However, I believe this is manipulation by smart money to unload their recently-made profits. As a result, DOGE could decline to 0.06109.
4-hour: In the short term, I could see DOGE range-bound on the 4-hour timeframe until something big happens.
Conclusion
The downside in DOGE is temporary and will be followed by a huge pump. I recommend traders to wait for the decline to 0.05533 or 0.06109 before entering long positions.
Disclaimer
This is not financial advice. Please do your own research before making any trading decisions.
Technical Analysis
Weekly: DOGE has reached the above fair value and has formed a choch downside. This suggests that a decline to 0.05533 is likely.
Daily: The daily timeframe is tricky, as it appears to be bullish. However, I believe this is manipulation by smart money to unload their recently-made profits. As a result, DOGE could decline to 0.06109.
4-hour: In the short term, I could see DOGE range-bound on the 4-hour timeframe until something big happens.
Conclusion
The downside in DOGE is temporary and will be followed by a huge pump. I recommend traders to wait for the decline to 0.05533 or 0.06109 before entering long positions.
Disclaimer
This is not financial advice. Please do your own research before making any trading decisions.
Note
most of the idea going strong. but liq grab early, not sure if it still dump because of it
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.
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.