DOGEyyy-Doo, Where Are You🐕
Updated
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 DOGE has been overall bearish trading inside the falling red channel and it is currently approaching the lower bound / red trendline.
Moreover, the 0.05 - 0.055 is a strong demand zone.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As DOGE approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
🔎 From a long-term perspective, for the bulls to take over, we need a break above the last major high around 0.084 highlighted in blue.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📉 DOGE has been overall bearish trading inside the falling red channel and it is currently approaching the lower bound / red trendline.
Moreover, the 0.05 - 0.055 is a strong demand zone.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As DOGE approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
🔎 From a long-term perspective, for the bulls to take over, we need a break above the last major high around 0.084 highlighted in blue.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Note
As per my last analysis (above), DOGE rejected our 0.055 support zone and traded higher.For the bulls to remain in control, and take over from a long-term perspective, we need a weekly candle close above the last major high highlighted in blue at 0.084.
Meanwhile, the bears can still take over for one more correction.
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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