DOGE/USD - About to breakout, +50% possible! 🚀🚀🚀DOGE has formed a large pennant (in blue) which is about to break to the upside!
Can DOGE do it? The indicators appear to say YES.
Volume is up on this last daily candle that wicked above the pennant. RSI and MACD are bullish as well.
We were pushed down by the bears, but if DOGE can make this top trendline which acted as resistance, support, then DOGE army is gonna celebrate soon... since a PUMP will likely follow such a scenario. :)
The first two targets are on the chart, one at $0.3 and the other just under $0.4 as indicated by the Fib levels.
A 50% pump for DOGE is nothing. So this becomes very likely should doge decide to pump soon.
Be ready. Bias is very bullish.
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DOGEBTC
DOGE COIN - Updated Chart 🦴🐾We did well going short on this one (previous idea here) but for the last 2 weeks we have been looking for a breakout over the key support (pink level).
That seems to be happening today so here is the chart with updated levels for targeted take profit prices.
One Love,
the FXPROFESSOR
DOGE ABOUT TO FLY TO $28 Why $28 ?
As we have seen before, Dogecoin always follows a specific pattern that we can reproduce with Fibonacci extension tool : it always goes to 3.272. We can reproduce this pattern and see that the next 3.272 is $28.
When will it begin ?
Bitcoin is rising, and we know that Dogecoin usually rises when bitcoin pullbacks. In order for Dogecoin to rise, Bitcoin has to pull back or go sideways for a while. Knowing that Bitcoin just reached its previous all-time high, we're going to have to wait a few more weeks in order to see bitcoin pulling back from a higher price than its current price.
What about the bullish triangle ?
We can see on the chart that Dogecoin always forms a bullish triangle before rising. Here we can see that the current triangle is 3 times bigger than the previous one, which let us conclude that the next rise will be much bigger than the previous one. Moreover, this triangle ends around November 15th which gives about one month to Bitcoin to rise and pullback in order for institutional traders to put move the money from Bitcoin to Altcoins
Tell me what you think about this chart down-below
DOGE - Daily ChartI don't like the recent DOGE chart. 1H candles are showing too much noise. Pure manipulation!
Market is showing moderate buy volumes for DOGE.
Bollinger Bands are trying to get the price to focus on one area bur they're not as squeezed as Bitcoin.
There are 2 support areas on the way down since I feel that Doge is acting edgy.
Also we have two resistance areas on the way up so watch out for them.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.2370
Good Luck
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DOGE forming an inverse Head and Shoulder pattern!Here's a quick Look at DOGE 8 hr chart. As we can see, the price has been forming a inverse head and shoulders pattern and we could see a break to the upside soon! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the trend line with good amount of volume .
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The idea is: Buy the breakout from the trend line and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 0.26$
2. 0.276$
3. 0.294$
4. 0.31$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Dogecoin (DOGE) - October 17Hello?
Welcome, traders.
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(DOGEUSD 1W Chart) - Medium to Long-Term Perspective
Above the 0.06797120 point: the uptrend is expected to continue
Above 0.25437029 point: Expected to create a new wave.
You need to make sure that you can form a support section in the 0.16991897-0.25437029 section.
(1D chart)
First resistance section: near the 0.32034017 point
Second resistance section: 0.42661992-0.47975979
Support section: 0.16092054-0.21406041
If the price declines from the support area, it may move towards the 0.06797120 point, requiring a short-term Stop Loss.
The price must remain above the 0.25437029 point to turn into an uptrend.
The 0.32034017-0.37730207 section is a psychological resistance section, so you need to be careful about your movements.
The volatility around October 20 (October 19-21) should see if there is any movement outside the 0.16092054-0.25437029 range.
Accordingly, careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
DOGE - Daily ChartDOGE is still fighting two resistance areas, and now got rejected once more.
As I said yesterday, it doesn't have enough power to pump right now because of Bitcoin. It's not as strong.
There are two support zones that will keep the price up for sideways consolidations.
We can see two support areas and two resistance zones so use them for your daily trade.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.2368
Good Luck
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DOGE - Daily ChartThis was a breakout, but we still need some time to figure out what the next move could be.
As you can see it's fighting a key resistance so anything could happen now.
I need a few more hours to figure out what our next support and resistance in the short term and local term is.
For now I can see two strong supports and two strong resistance areas for the next few hours which are strong.
But for now, don't open short positions because market is showing BUY volumes which might cause another pump.
And I repeat, wait a few hours for more confirmations.
DOGE isn't as strong as Bitcoin now.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.2404
Good Luck
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DOGE - Daily ChartDOGE got rejected by resistance.
There's a support zone pushing up the price on the lower Bollinger band , and even if that doesn't support it enough, there are two static supports which are powerful.
There are two resistance zone on the way back up, and one of them (the red one) is the key resistance we need to pass in order to have a breakout.
There are no buy or sell volumes shown for this coin in the market so the prices can go either way. Watch out!
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.2352
Good Luck
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DOGE - Daily ChartPrices are going down for alt coins all together and once again it's due to Bitcoin (as usual) as it's trying to give the ATH another shot.
We need to wait for Bitcoin to calms down and consolidate and then again we can start trusting long positions for these coins.
There are three resistance zones for DOGE right now and they are all strong considering the market sell volumes for Doge coin and other alt coins.
There's only one support on the way down which doesn't look that strong, I'll put another chart showing the next support in my next update on DOGE.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.2234
Good Luck
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DOGE - Daily ChartSame scenario as before, I just updated the support and resistance zones for you so you can use them.
We're going down to the support area once more.
DOGE coin isn't as strong as I thought it would be by now.
There are two resistance areas on the way up and one of which isn't that strong and we can cross it for more consolidations in our sideways channel.
I can only detect one local support and I think that's enough for now.
Market is finally showing Buy volumes for DOGE coin today which shows the demand is getting higher. This is a good sign for alt coins like Doge.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.2424
Good Luck
Tell me your ideas. Like and Share
DOGEUSDT Technical Analysis
⏳ Spot
💎 DOGEUSDT has formed a flag pattern. After the breakout we can expect a Bullish move however we might see a Pullback before the Bullish move.
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🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.2250
☕️ TP1 0.2945
🍺 TP2 0.3370
🍻 TP3 0.3800
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 0.2050
Good Luck 🎲
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DOGE - UpdatedSame scenario as before, I just updated the support and resistance zones for you so you can use them.
We're moving up to retest the resistance once more.
DOGE coin isn't as strong as I thought it would be by now. Probably because Bitcoin is still stealing the show.
There are two resistance areas on the way up and one of which isn't that strong and we can cross it for more consolidations in our sideways channel.
I can only detect one local support and I think that's enough for now.
Market is finally showing Buy volumes for DOGE coin today which shows the demand is getting higher. This is a good sign for alt coins like Doge.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.2474
Good Luck
Tell me your ideas. Like and Share