Dogecoin second wave and false break out? 😱Dogecoin rose 18% during yesterday's rise in bitcoin, but just as quickly corrected back to previous price levels.
Now, as with Bitcoin, there are 2 options, either a false-break or pushing to resistance, consolidation, breakout, and growth.
I am somehow confident that the first scenario will happen.
If the price reaches the local top, quickly reaches the resistance level, and makes a false break, it will be a good opportunity to sell.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DOGEBTC
Doge with a Retest on to a PullbackWe very well may see a pullback as we roll into Friday morning as you see we broke the lower resistance & in a Retest.
There is still the possibility to continue this Uptrend, but we seem to be loosing Momentum & Volume as well. I believe this is consolidate as we move through Friday into the weekend.
Dogecoin (DOGE) - July 30Hello?
Welcome, traders.
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(DOGEUSD 1W Chart)
If the price is maintained above the 0.16991897-0.23923275 range, it is expected to create a new wave.
(1D chart)
It is breaking out of the downtrend line.
We need to see if we can climb above the 0.23923275 point by climbing from the 0.16092054-0.21406041 section.
In particular, we need to keep the price in the 0.23923275-0.32034017 range to see if it can turn into an uptrend.
If it declines from the 0.16092054 point, it is expected to enter the mid- to long-term investment zone as the support section is weak.
Accordingly, careful trading is required.
However, it may follow an uptrend line, so be prepared for this.
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(DOGEBTC 1W chart)
It fell at the critical point of 574 Satoshi.
Accordingly, there is a possibility of a decline near the 260 Satoshi point, so you need to trade with caution.
If the price holds above the 260 satoshi point, it is expected to continue the upward trend.
However, since the price difference between the high and the high is large, it is likely that it will take a long time for the price to turn into an uptrend.
(1D chart)
The support zone is weak, but if the price is maintained in the 412 satoshi-610 satoshi range, it is expected to turn into an uptrend.
If it falls in the 313 Satoshi-412 Satoshi section, it is expected to enter the mid- to long-term investment area, so 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 with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Potential targets if we break triangleI'm marking potential targets if we break this symmetrical triangle.
Is supported by Fibonnaci retracement.
If BTC keeps growing in the following days and break the barrier of $52k great things might happen.
Stay vigilant on your trades and don't forget the next parabolic growth points between $3 and $6 so buy doge now.
Have a good day.
BINANCE:DOGEUSD
DOGE #DAYTRADE TARGET 0,23+ SHOWS GREAT INCREASE TREND.Hello trading friends,
This update is for DOGE with Target expecting #Daytrade 0,23.
We expecting depending on data and trends, that Doge can get an increased trend coming time with a possible trend target of 0,23.
To see our main update for long term doge check
#Doge is a coin where you hear most time it's pumped, and when you watch you see 20% + it just happened most times unexpected and times most traders don't expect. another side is also possible. we should check trends always in 2 sides
# know that this is crypto and it can take some time before increasing comes, and also some times trends can break down first before it shows any increase.
same time use good risk management.
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DOGE SHOWS BEFORE TREND WITH ELON MUSK EFFECT - BREAKOUT 0,30+Hello trading friends,
This update was made for Doge holds users and traders.
We did add before a target about doge when it was 0,004 at that moment we did expect an increasing trend, as doge did shows on ETN effect a high interest. and the same we have now also with this trend. see before trend
After that, we did saw a huge increase trend. and later on price target 0,66, we did add the alert to manage risk with doge as it will break down depending on ETN also. as you can see here in this chart.
And from now we adding again a uptrend idea depending on the same chart study and ETN tool, that Doge looks to breakout to 0.30 + and possibly back into the hype.
We are now into the important ELON MUSK ZONE where he did buy before. see the new chart here below
# know that we can get a breakout increase, also if Bitcoin stable or breakdown, we have seen this more times. and most time an increase just come unexpected.
As always manage your risk and don't take high risks.
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Doge Uptrend visibilityMarket in the last 24hrs
DOGEUSD saw an overall downtrend with price moving between the upper and middle Bollinger band . Trading volume has been high in the last 24 hours.
Today’s Trend analysis
Price is expected to move in an uptrend as the price is looking like it is accepting the trend line and the middle Bollinger band as a support line. In the long term, the price is expected to move in the upward triangle.
Price volatility was high at approximately 7.1%, with the day's range between $0.195 — $0.228.
Price at the time of publishing: $0.203
DOGE’s market cap: $26.53 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
Dogecoin READY to Move up!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Dogecoin is holding its strong yellow uptrend trend line and as long as we above the yellow line we can hold and ride it to make higher lows and higher highs.Dogecoin also is breaking out of this triangle structure because bitcoin is looking strong! Doge can see 0.30 very soon in the coming weeks to month
DOG Coin exploding $1.00 in the future!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Dogecoin is holding its strong yellow uptrend trend line and as long as we above the yellow line we can hold and ride it to make higher lows and higher highs. Dogecoin Can see $1 in the future, not tomorrow not next month but when bitcoin makes a new high we can see more confidence back into dogecoin.
DOGE - Daily ChartI know it looks like everything is going back up.
But this DOGE coin is still fighting resistance. This time it's a bit stronger. You see that thick resistance area on the way up? that's the main one. let's see if we can cross that price range.
Also all of this descriptions are only valid if BTC doesn't collapse. And also this resistance is very strong so have that in mind.
I'll keep this chart update, till then, use this chart for your trade setup carefully.
Current Market Price: $0.20037
Good Luck
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XRPBTC and DOGEBTC comparisonsXRP has a similar chart structure to DOGEBTC
The major similarity is that the price is range bound, meaning, price has been stuck in a limited area (squeezed) area for the majority of its existence
This 'bound' nature, builds tension as each day passes, influencing the probability of a breakout out of this range
Some things however are not similar,
As on DOGEBTC price can be seen to be consistently oscillating pumps, where XRP has limited pumps
An observation post
I am long XRP
Something Special is Coming for DOGEFirst ever touch on the 200MA
50MA touches were disgustingly bullish
Will it have the same effect on the 200MA ?
I believe so.
% ?
Chart above also emphasizes the bullish possibility
DOGE eyeing the .618 Golden LineI do believe we will have a slight pullback to .186 price followed by a nice Uptrend moving into the morning. That is of course if BTC doesn't have a massive sell off, which could have us fall too .178 or even lower.
I will continue to update you moving through the early morning & into the afternoon.
DOGEUSDT will achieve new level up.DOGECOIN , DOGEUSDT trade respected my long term analysis and earned 1200+ profit. Now Trade has almost completed its inverted head shoulder and entered in supply zone to move up as I said before. Trade strong support area will be yellow zone area ands stop loss will be around .1100 area as shown by red line.Trade will hit new level of target which will 0.7 and next target will be 1.5000 level. share with me your views if you are not agree with my analysis. Good luck
DOGE AND SKL WICH ONE WILL BRING PRICE TO 1 usd + AS BEST ONE!Hello trading friends,
A challenge between 2 coins Doge - and SKL as they are around the same price now, which one do you expect will hit as first 1 USD?
add it into the comments.
We did update before about the doge since 0,004 when doge did start to increase, and we did go with the before trend and have seen doge increase as Elon musk did promote the coin.
SKL is a sleeping giant that is not so known as dodge - We from a watch trend expect that SKL can hit 1 USD before Doge can do that.
This one more reason, the trend - data and history shows. and what do you expect? add it into comments, thank you.
Out of this challenge - SKL is very undervalued in the price, and we expect with time we will see great increase trends on it.
This update means not that we will bring doge into the lower trend - doge can show also good increases as they did show before also, but if we can choose between these 2, then we go for SKL.
# This is not an investment view this is just our expectation, At the same time, we trade the market also for the short term as markets can change with time.
As always manage your risk, and have great trading time!
If you like the content give it a like, thank you
DOGE downtrend channel brokenDOGE breaks the downtrend channel and the retest is also done. DOGE also breaks the market structure of Lower Low (LL) and Lower High (LH). This is a good sign for DOGE. DOGE also tested the major support zone of $0.16. Use a stop loss of slightly below $0.18 if you opening a long position.
DOGE - Daily ChartLast time that Doge was at this price it dropped down and broke support.
But now the sell volume isn't as high as it was before. There are 2 strong supports holding the price up and also a local resistance on the way up. I think it's safe to open positions based on this chart.
Be careful.
I'll keep this chart updated.
Current Market Price: $0.18888
Good Luck
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