Dogeanalysis
Doge ST .003We have found a solid bottom here and making our way back up to the upper resistance. Once we reach the upper resistance let's see if we can continue the momentum to carry us back above it or if we will have a pullback back towards the floor.
I believe we may consolidate down here over the next few days.
Doge ST ContinuationAs you see we have been riding in this consolidation phase since 0345 this morning & placed a trade at 0900.
The market seems to be gaining momentum as we move through the weekend which is surprising. What we need to see next is for the Volume to pick up so we can break through the upper resistance. If we fall below the Supply Zone we may see a retest then a mild pullback.
If the price breaks this wedge, the doge could fly away!🤑🚀After a recent attempt to update its local high, the Dogecoin has corrected by 13%, now Dogecoin locally formed a wedge pattern. If the price continues to trade in it and presses to the upper boundary, the wedge may be broken and the price will go up. The best entry point into the position may be in the event of a squeeze, a breakout, and a test as support for the upper boundary of the wedge.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Doge Testing the Lower ResistanceAs you see here on the 30 min chart we are currently headed towards the .241 trending zone. What we will be looking for is if we are able to bounce off the resistance heading back towards the top of the wedge. If we do so we should hit the top trending zone which would lead to a retest of the wedge, depending what ensues we may break above .26 moving into the morning.
If we fall below the trending zone (.241) we may hit .229 followed by a retest, this would be a very bearish sign moving into the morning.
If you take a look at the RSI you see we have been in a wedge pattern since June 29th. This is a big time for Doge moving closer to the weekend as we usually have slow moving weekends.
*Not Financial Advice
DOGE Optimal Buying Opportunity - ST After the HH, HL we almost broke the Bullish trend by breaking the Higher Low but we've hit a strong resistance here to stay in the Uptrend. I have identified the higher & lower resistance bands in this Uptrend, as you see we just reached the lower resistance which means we should see a solid push towards .30+ aswemove into next week.
If we break through the lower resistance we may fall out of this Uptrend creating a sideways consolidation leaving up to the weekend keeping us around the .23 & above. I'll be playing swing trade here which I'll publish shortly after I post this.
*Not Financial Advice
Big moment for Doge We broke the resistance we had going in the consolidation phase, now we've dipped below that & fighting to get back above it but I'm not sure we will.
The RSI Indicates we have yet to cross the lower band, which to me still shows we may fall to the lower resistance in this Uptrend. Well ride that back up to this resistance we just broke then continue on our bull run, we may very well push through the resistance & continue on the Uptrend now. Only time will tell, overall I'm very Bullish.
*Not Financial Advice
Doge too .32? 6.29.21 1724Here is the 30 min chart, I've labeled the Higher High (HH) as well as the Higher Low (HL) now we seem to be moving in a nice Uptrend over the past few days.
What we need to look for next is to be able to continue this consolidation were in followed by a nice bull run towards .32 as we move closer to the end of the week. If we get a pullback towards the lower trending line, as long as we don't break below then we're still in the Uptrend.
If we do break the lower trending line then we may have a Bearish reversal happening as we near the weekend. I am feeling very Bullish as the Crypto adoption has begun to pick up around the world.
*Not Financial Advice
#Doge too .32 Swing Trade .002 6.29.21 Here is the 30 min chart, I've labeled the Higher High (HH) as well as the Higher Low (HL) now we see to be moving in a nice Uptrend over the past few days.
What we need to look for next is to be able to continue this consolidation were in followed by a nice bull run towards .32 as we move closer to the end of the week. If we get a pullback towards the lower trend line we are still in this Bull trend until we break through that resistance.
If we do break the lower trending like then we may have a Bearish reversal happening as we near the weekend. I am feeling very bullish as full Crypto adoption has begun to pick up around the world.
*Not Financial Advice
#Doge through .28?Beautiful morning pump here, as you see we are heading straight for .28 which has some resistance. What we may see, we may hit that resistance & consolidate there through the night or we could push through it followed by a retest then a continuation of the spike.
I don't think we'll see .25 for a while now, we may be in the early stages of the next Bull run
*Not Financial Advice
Afternoon Pump for #Doge?30 min chart showing us braking out of this wedge pattern as of now, we need to get confirmation before we place the trade.
What we'll be looking for is to break the .267 price resistance, if were able to do so we may see a nice pump through .28 tonight moving into the morning
*Not Financial Advice
#Doge looking to create a Higher HighUp too this point we created a Higher High as well as a Higher Low which is a very strong indication that were on a Bullish trend.
I laid out a possible spike identical to the previous Higher High we just had, this would put us right around .35 moving into Monday morning. If we get a pullback through the night we may find our way down too .24 which is our new floor so this means we need to stay cautious as we move into the new week.
* Not Financial Advice
#Doge too .35As you see here we've created a Higher High & a Higher Low which means we're in a Bullish trend at the current moment.
If we get a similar spike our next Higher High has potential to reach .35, if we get a pullback we may consolidate around .24 which would be our floor.
*Not Financial Advice
#Doge Dragon ?Created a nice Bull Pennant on the 15 min chart, may see a nice push through the .251 resistance! If we are able to do so, we may pass straight through it followed by a slight pullback creating a Higher Low, then see another Bull push which would create a Higher High.
Still a chance to have a pullback too .244 from this wedge pattern, I will keep you posted.
Exciting time for the Doge Community.
*Not Financial Advice
#Doge ready for the week aheadStarting from the left you see we were on a Bearish trend riding in the wedge pattern, then we gained momentum & broke out in a Bullish push.
We currently hit .251 with a slight pullback, what we need to keep an eye on is how we play off the Moving Average (Blue line). If we fall below the MA we may hit .244 then get another push towards .251 since we are in a Bullish trend.
If you take a look at the RSI you can see spot the Bullish trend, which we just broke through the top which is a strong indicator we will see the pullback too .244 which may turn into our first Low of the new Bullish trend.
Once we hit .244, if we begin pushing up towards the .251 resistance don't be surprised if we push straight through that resistance which would create a Higher High.
*Not Financial Advice
Big movent coming for #DogeAs you see we're consolidating in a wedge pattern over the next 4+ hours well beging to see if making a move to break out.
Either well dip too .21 or we will run too .28 as we move through the night into the morning. We've got plenty resistance around us so I don't believe we'll gall under .21 if we do have a pullback.
*Not Financial Advice
#Doge big Saturday night?Here you see over the past few hours we've created a Higher High & now a Higher Low, which is a great sign we may be on our way too .28+ if we're going to get on a Bull run.
If we see a shirt push up too .27 then drop to this point we may see a bearish trend unfold or consolidate through the night.
*Not Financial Advice
#Doge breaking through the Bearish resistanceAs you see here, we just broke through the top resistance line in this Bearish trend, we just completed a Retest ( ie. break a resistance line, followed by a pullback) now you see we are headed towards .247
Let's see what unfolds as we reach the .247 price, with that we could very well hit that resistance & consolidate. Or we could shoot through it, Retest it then get on a Bullish run.
*Not Financial Advice
#Doge Reversal?Here I have drawn out the Bearish trend indicated by the Lower Highs & the Lower Lows.
We currently have a slight push moving back upwards but this does not mean we are in the clear yet. We still have a strong possibility to drop too .225 & continue this Bearish trend.
We could see a push out of this trend & hit the .247 resistance followed by a retest too .236, what follows that will be a strong indicator of where we are headed next.
If we get a retest & continue to fall too .225 then we are still Bearish, but if we are able to retest & move too .25 we may be in a Bullish trend moving through the night. Which would be a solid indication of a Buying opportunity for a Swing Trade.
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#Doge Hourly chart very BullishHere you can see on the Hourly chart we have continued to create Higher Highs as well as Higher Lows over the past 3 Days.
As we move through the morning into the afternoon we need to pay attention to the Pullbacks. If we happen to drop lower than the previous Higher Low (.21), then we may be in for a Reversal or Consolidation phase.
*Not Financial Advice