Doge ready for a Wednesday swing We've continued in this wedge pattern for a few days now & seem to be ready for a new pattern tomorrow, Wednesday the 25th.
We've got 2 strong resistance lines below us which are .26 & .28, so if we do fall below this wedge those are the 2 prices we should keep an eye on for buying opportunities heading forward. We could consolidate between the two moving into late Wed. early Thursday morning then looking for where we would be heading next nearing the weekend.
If we jump above this wedge we'll see a retest followed by a jump towards .36+ nearing the end of Wednesday evening nearing Thursday morning. This could be a big week if we're able to continue on this Uptrend as we near the weekend for all of Crypto.
Dogeanalysis
DOGE Wait for the level from which the price can do +60% or -30%Here is the analysis of DOGEUSDT trading pair, which was voted for in the "Bitcoin Weekend #17" idea
By the way, in "Bitcoin Weekend #17" we wrote that when the value of BTCUSDT starts to enter the liquidity zones of $48000-50900 and $50900-54200 you should be extremely careful with your positions, because the trend can reverse.
Keeping these facts in mind, let's analyze the DOGEUSD.
Let's start with the fact that our previous idea, the DOGEUSDT, is little more than a month old, and it worked perfectly and accurately at almost x2 growth.
Now let's look at the chart of the DOGEUSDT pair more globally.
As you can see, the price of DOGE has been consolidating between two levels: $0.34 at the top and $0.29 at the bottom for the last week.
In the current realities, we assume that the price of DOGE may go down one more time to see if the buyers are really ready to aggressively pull back from the level of $0.28888. If that happens, and we see strong buying volumes, that's a sure long. Also, a breakout and fixation of the price above $0.34 is also a strong long buy. For both situations, upper target is around $0.444-0.464.
If the price fixes lower than $0.2888 , it will not bring anything good for the deposit, except the possible drawdown of -30%.
So be flexible and maneuverable and keep your hand on the pulse of the market. Watch the behavior of the price DOGEUSDT around the level of $0.2888 and trade behind the trend and there will be happiness to your deposit and you)
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DOGEUSD Movement for weekly (22-29 August 2021)Hellooo...My Dragon Freinds
1. We can see triangle rule, break down will going down go to TP next support.
2. we can see trend line rule, break down will going down go to TP next support.
3. or double top pattern.
all need break 0.29344 for clear confirmation.
if not break, DOGE just move uptrend follow the trend line.
Lets See
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Doge wedge continuationAfter we consolidated we rose right into the previous wedge which is now a continuation. The good news is we're nearing the end of this wedge typically leading to a new trend with a spike.
We are going to see a minimal pullback to then test the top of this wedge, from there and f we decide to have a sell-off well potentially fall to .25 which has very strong support.
Or if we're able to break through the top of the wedge followed by a minimal pullback we may see an Uptrend too .35 heading into Friday morning.
Doge to .28 or .40 Tuesday night into WednesdayAs you see here we've been riding along this Uptrend resistance very nicely. We created a Triple Bottom but ended up consolidating a bit heading towards to the trend line, now that we are here the 2 things we need to look for is a cross over or Touch & Go.
If we do fall below the trend line we may see .28 again followed by a Consolidation phase heading into Wednesday afternoon, which would be a solid time to accumulate. Say we do a Tough & Go off the trend line we might get a nice push to test .40 early Wednesday morning.
Investigate the dogecoin Probabilities
If we have a brief look, we can mention the ascent, because after two months, it has suffered an ascending slope.
But the worry is that there are so many pressures and resistances that need to be broken
The 0.37 range seems to be very tight and the 0.45 range is another barrier to climb, in which relatively large traders may take action. If the resistance overcomes the support, one should expect a return. Let's be.
Doge Falling Wedge into Tuesday morningAs you see here we've created a nice falling wedge pattern along with a Triple Bottom on the chart as well as the RSI Indicator. If we get a push through the top of this wedge we will see a slight retest then a Uptrend to approach .35 again.
If we do break through the top & on the retest continue to have a sell-off we may continue to fall down to .29 resistance & have a consolidation phase through tomorrow.
Doge headed for a Bull Run too .90?If you go all the way back too April '21 just before the massive Bull Run we had a Consolidation Phase which we just came off of starting in July running into Aug.
Next we broke into an Uptrend, yes in April it was larger than the one we are seeing now, but it's identical to where it has started & finished.
Next was the Bull run that sent us too All Time Highs, which I do believe is too come, backed by mass adoption.
I copy & pasted each of these zones as you see they have lined up fairly identical. The Uptrend phase started & finished just about identical as you can get them.
Doge prepared for a slight pullbackIf we do have a pullback, it will be a healthy at that. We may fall to our previous resistance at .30 then give .35 another shot.
We very well could continue on this massive Bull run, but if we do cool off a bit it might be a great time to buy in before the next leg up.
Doge to .34+We've broken through this wedge pattern & may see a slight pullback before we make a run to the .34 resistance.
If we do fall back into the wedge we may see a large pullback to .26 - .29 consolidation phase.
I believe we will see Doge at .35 Monday morning then pushing .40+ as we near next weekend.
Dogecoin review After a review, we came to the conclusion that the only thing that kept Doge alive was the bit
After two months of suffering, Dodge has now taken an upward slope and has a resistance ahead that has been hampered by a weak bit strength.
If the bit gains power and the Dodge closes with a powerful candlestick above the resistor, its first target will be its next resistor.
Doge nearing the end of the wedgeExpect a big swing to come into play as we move through the night into the weekend.
I've gone ahead & labeled 4 major resistance points we should pay attention too for reference points.
Bullish: we may see a slight pullback to a very strong resistance which I expect us to bounce off & test the upper trendline with a breakout.
Bearish: we break below this resistance & fall outside of the trend then fall back too .25 range. This could lead us into a consolidation phase as we roll through the weekend.
Doge ready for a spikeThis Harmonic Pattern indicates we will see a nice Uptrend next. Also taking a look at the RSI you see we've closed in on the Oversold indicator which gives us confirmation that we may see a Reversal to the upside.
If we do break through the bottom of this wedge pattern we may see a Retest then another Large Pullback.
I'm Bullish for today.
Doge 4 phase BreakdownAs you see here I have went ahead & broken down the Doge chart into phases. Starting from the left we were in a Wedge pattern then had a breakout to the upside in a Uptrend Consolidation.
We just had a large pullback followed by a nice spike which is a Retest Phase, we very well could still see a Downtrend play out.
But as the RSI indicates we have been Oversold, I picture us continuing this Bullish run into another Uptrend Consolidation phase.
Doge ready to surge past .30We've got two Bullish Indicators, the RSI indicates we are breaking above the Bearish trend which was a Triple Top & we reversed that quickly.
We also just broke out of the top of this wedge pattern & had a retest, typically a Bullish trend follows. Let's see if we can reach the .30 resistance heading into Friday.
Doge End of August PredictionsHere I have laid 3 sets of resistance lines which we should pay close attention too moving through the month.
If we get caught up in the Infrastructure Bill & it through the weekend we may see a pullback for consolidation then reaching .35 moving into September.
If we're able to get clear of the Bill we will continue on the nice Uptrend with slight pullbacks. We would be looking at .50+ range towards the end of the month.
Clear of the Bill & Potential Mass Integration beginning to take over we very would could get the Crypto Bull Market 2.0 get started. Sending us up too .60+ heading into September.