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DOGE-USDT

🔥 DOGE Bearish Triangle: UpdateAround 4 days ago I made an analysis on DOGE. Here I indicated that things were looking bearish, but that the red support area was still likely to hold and cause a reversal. During the B-word conference yesterday, Elon Musk admitted that he personally still held some DOGE. So when the market rebounded, DOGE was one of the biggest winners, increasing +25% on the daily at some point. After a big move yesterday, it's to be expected that DOGE (and the rest of crypto) will see some consolidation for the day. DOGE is now officially trading outside the bearish triangle. Since it broke out on top, one would classically expect a bullish move ahead, but I'm cautious. BTC is still technically trading inside a downtrend, so I'm not confident that we're going to see a $0.30 any time soon. For DOGE, the current key area to beat would be yesterday's top, around $0.215. If DOGE manages to beat this high, we might think about a near term bullish reversal from DOGE. Happy trading!
by FieryTrading
27
🔥 DOGE Bearish Triangle ContinuedA week or two ago I made an analysis on DOGE and the future moves of this coin. In this analysis I noted that it was highly likely for DOGE to follow the bearish triangle and see more bearish price action. Currently, DOGE is residing in the red major support area. Previously I noted that I was expecting a reversal here. A minor pump has occurred last night, but it seems that DOGE is not able to breach through the blue resistance with BTC being very weak at the moment. I'm expecting a further drop towards the $0.16 area, potentially even lower if BTC decides to move below $28k. Happy trading!
Short
by FieryTrading
19
🔥 DOGE Bearish Move AheadWith BTC falling, alts are sure to follow. DOGE is one of the alts which has, surprisingly, not lost >80% yest since the top. Appears that there's still quite some buying power! A week ago I made an analysis on DOGE where I discussed the potential future move of this asset and the triangle where it's trading in. It appears that DOGE's minor support area is failing and that we're gearing up for a bearish move towards the major support area. Assuming this red area will hold, it will be a great opportunity to buy in again into the market. As mentioned in other analyses, I'm bullish in the longer term. Might very well be the case that there's still more pain for us in the near future. Happy trading!
Short
by FieryTrading
11
🔥 DOGE Massive Bearish Triangle: What's Next?Since reaching the ATH around $0.74, DOGE's moves have been predominantly bearish. Of course, DOGE's bearish or bullish moves have been following Bitcoin's moves, but the trend has been straight down whereas BTC is trading sideways. DOGE's near future moves are highly correlated to Bitcoin. However, we can pin-point a couple of key areas on the chart. At this point in time, DOGE is trading near the yellow minor support area. This area is acting as an area of potential reversal, but it's much weaker than the red major support area. A small bounce from the yellow area could occur in the coming days. If DOGE manages to stay above the blue resistance line, we could see a move towards the $0.30 area in a week or so. However, with a bearish move being slightly more likely, I'd wager that DOGE will be trading in the red major support area fairly soon. For bulls, this might be a great short term trade opportunity, just like we saw during the capitulation event on 22-06. If BTC will go below 30k again in the near future, a move towards $0.15 or even $0.10 is very plausible. Furthermore, be aware that DOGE is highly susceptible to price 'manipulation' from third parties. A random tweet can launch the price 20% upwards, only to bleed it all away in a couple of days. Happy trading!
by FieryTrading
17
DOGEUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4-hour time-frame and the price is moving in a bullish flag. We expect the price to touch its targets after breaking its channel line.Those friends who have bought at lower prices can save their profits on the channel line and when the line is broken, they can go into trade for higher targets. If the price gets near the channel line and can not break it and we see weakness, we can expect it to fall. We have shown the supports and resistances for you on the chart Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Long
by MarsSignals
2
DOGEUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4-hour time frame. As we expected, the price could not break the resistance and started to move down. We see weakness in the process. And we consider this price increase as a pullback and we expect it to fall to the previous support range. But if it can break the resistance line upwards and stabilize, we consider climbing. We showed resistance and support. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Short
by MarsSignals
DOGEUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4-hour time frame. As you can see, the price was able to break its resistance, but it did not have enough power to move up, and it is starting to move to the bottom set. We have a strong support near the price and we can have a buy step in that area. We are considering the loss of resistance, but it is unlikely. We have drawn the resistances for you, which is a good place to save money step by step. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
by MarsSignals
4
🔥 Shiba Bullish Falling Wedge PatternAfter an amazing run up during Shiba's inception, the Binance listing hasn't done it much good. Since its appearance of Binance, Shiba has been bleeding daily. During this bleed out, a bullish falling wedge pattern has been formed. Will Shiba rise to former glory? Assuming BTC will stay relatively calm, Shiba might see some strong bullish price action in the near future. It has happened several times before that big listings on Binance face a strong sell-off first before going bullish again. Potential long-term target would be around the current ATH. Happy trading!
Long
by FieryTrading
35
🔥 DOGE Massive Triangle: Break Out SoonLike all cryptos, DOGE has seen a strong bearish move over the last two weeks, losing more than 70% of it's ATH value at some point. Apart from the downward channel that DOGE is trading in, DOGE has also formed a massive symmetrical triangle when the two local lows of the last week are connected. Seeing that BTC is still trading in a clear down trend, the chance of DOGE breaking out on the lower end of the triangle is relatively big. On the other hand, if BTC decides to tackle the 42k resistance in the near future, DOGE might follow suit and break out through the top trend line of the triangle. Before trading either break-out, please wait for confirmation of the trend. Happy trading!
by FieryTrading
10