What dog is gonna be stronger?💪 This is comparison DOGEUSDT/SHIBUSDT, so if the:
*price is going up, it means DOGE is stronger than SHIB
*price is going down, it means DOGE is weaker than SHIB
DOGE broke up the major downtrendline, plus there is potential round bottom (blue) in the making. I think we could see hitting the resistance zone during the final throw-over out of the white rising wedge before dump to the support zone (as shown by lime path projection). Also TD Sequential will print "9" by tomorrow close (if it doesn't close below 29600), which could mean correction - price going down. Then I would expect surge of the price. To sum it up, it looks to me that DOGE could be stronger than SHIB in the following weeks/months. DOGE still being hungry? 🦴
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*price is going up, it means DOGE is stronger than SHIB
*price is going down, it means DOGE is weaker than SHIB
DOGE broke up the major downtrendline, plus there is potential round bottom (blue) in the making. I think we could see hitting the resistance zone during the final throw-over out of the white rising wedge before dump to the support zone (as shown by lime path projection). Also TD Sequential will print "9" by tomorrow close (if it doesn't close below 29600), which could mean correction - price going down. Then I would expect surge of the price. To sum it up, it looks to me that DOGE could be stronger than SHIB in the following weeks/months. DOGE still being hungry? 🦴
Like👍, follow✒️, enjoy📺!
Note
Support zone is the lower blue rectangle - just zoom in to see the hidden label.Note
So we got the throw-over out of the white rising wedge, price pierced the resistance zone but closed inside, plus TD Sequential printed "9" by yesterday close. Let's see if we will get the dump to the support zone...Note
Price is stuck between the white trendlines, beyond apex of the rising wedge. It's grinding on the lower line and it seems DOGE could be running out of steam. If we break this line, we could see further move to the support zone, as shown by the lime path.Note
2 closes below white trendline, looks bearish to me. If we can drop below 31000, I think the next support would be 30200 and then finally the strong demand zone 28500-27400 where I would expect reversal and then DOGE up up up!
Note
Update after long time. Price just followed the white uptrendline and blue curve until it didn't!😀 It spilled down to the higher support (former resistance around 0.5 Fib) and subsequently to the lower support (0.618 Fib), but I think that's it. My guess is UP from now meaning DOGE will be stronger than SHIB again. It just needs to break up the red downtrendline. Note
Support still holding and stronger break of the red downtrendline yet to come. Next hurdle being the resistance aroudn 0.5 Fib.Note
Well the break of the red downtrendline didn't actually happen and the support didn't hold, price spilled through it and SHIB is taking the lead now!💪 I think we could follow the red downtrendline as show by the violet projection.Note
What a spiller. That was quick. Pair now on support (confluence of yellow trendline + 0.854 Fib). Expecting bounce, so now DOGE could be stronger for a while.Note
Actually it spilled even more after sort of mini bounce. Now on another support 100% Fib retracement. Next support almost another -30% lower. SHIB is on fire!🔥 Note
Did I tell you there is a support -30% lower? 🤔 We are just sitting there now...Note
Support still holding, will we see price ranging between support and the 100% Fib retracement which should now act as resistance? Note
WOW, SHIB beating the DOGE big time! Next support at 2850. Notice how price action played out from last update, and notice how it spilled further down after breaking support.Note
Support active. Now the money flows from SHIB back into DOGE.Note
Support still holding. Will we see stronger bounce up i.e. to the 8300-7600 resistance?
a
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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.