DOGEBTC potential 100%+ Bounce incoming, but high risk!Hi guys, if you like this post, please support me by clicking the like and follow buttons by leaving a comment! Thanks!
Potential bounce off of 200MAs incoming.
If history repeats itself, should get a nice bounce here. A break and close below the 200MAs invalidates this.
Dogebtclong
DOGE with BTC pair formed Gartley for up to 201% bullish moveHi friend, hope you are well and welcome to the new update on Dogecoin.
On the daily chart, the price action of Dogecoin with Bitcoin pair has completed a Gartley pattern and entered the potential reversal zone. There is a complete opened alligator's mouth formation by the simple moving averages below the buying zone.
Possible profit and loss ratio:
This trade has a huge profit possibility up to 201%, and the loss possibility is only 35.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DOGEUSDT/DOGEBTC LONG OPPORTUNITYDOGE is extremely undervalued right now from a trade opportunity perspective. Everyone knows each bull market cycle DOGE pumps tremendously. No one is talking about DOGE right now. Volume is extremely know, although it normally is.
From a chart analysis perspective, the CMF indicates substantial buying pressure as of late, and could move into the 0.25 - 0.40 zone. For DOGEUSDT, it appears it has broken out of a potential triangle, which is sending it to test the 0.00337 level. An upward break of this level will likely send it to the target range between 0.0037 and 0.0040, which should put DOGEBTC back to the 20 sat level. DOGEBTC is sitting on strong support at the 16 sat level. Binance orderbook indicates strong support down to the 13 sat level, although that can obviously change easily so if trading this, I would use appropriate leverage with a stop loss, or buy and hold.
This is not financial advice.
DOGEBTC (Reversing from Support ZONE)DOGEBTC currently trading at 17 satoshi
We can see several times DOGE touched support zone, now it's trading in the support Level. I believe it's going to bounce from the support level
LONG Entry Level:15 to 18 Satoshi
Stop loss ( support) : Below 15 Satoshi
Resistance Level 1: 60 Satoshi
Resistance Level 2 : 85 Satoshi
Resistance Level 3: 115 satoshi
ALWAYS KEEP STOP LOSS...
$DOGE JOIN ME IN REKTFor now
1H MA500 27 RES
1H MA1000 27 RE
1H MA2000 27 RES
1H MA4999 28 RES
1H TD SETUP TREND LINE:91(TP3)
4H TD SETUP TREND LINE:25(STOP)
4H MA500 27 RES
4H MA1000 27 RES
4H MA2000 28 RES
4H TD SETUP TREND LINE:36(TP1)
4H MA4999 42 RES
1D TD SETUP TREND LINE:22(STOP)
1D MA200 28 RES
1D MA500 33 RES
1D MA1000 42 RES
1D MA2000 46 RES
1D TD SETUP TREND LINE:133(TP4)
1W MA20 28 RES
1W MA50 28 RES
1W MA100 41 RES
1W MA200 43 RES
1W TD SETUP TREND LINE:44(TP2)
1W TD SETUP TREND LINE:158(TP5)
1M MA5 27 RES
1M MA10 27 RES
1M MA20 36 RES
1M MA50 42 RES
Further reading for $DOGE:
medium.com
research.binance.com
BABY JOIN ME IN REKTFor now,
1H MA500 27 RES
1H MA1000 28 RES
1H MA2000 28 RES
1H MA4999 28 RES
4H MA500 28 RES
4H MA1000 28 RES
4H MA2000 28 RES
4H MA4999 43 RES
1D MA200 28 RES
1D MA500 35 RES
1D MA1000 42 RES
1D MA2000 46 RES
1W MA20 28 RES
1W MA50 28 RES
1W MA100 42 RES
1W MA200 44 RES
1M MA5 27 SUP
1M MA10 27 SUP
1M MA20 38 RES
1M MA50 43 RES
MACD is crossing up on the monthly chart...
Who'll light the fire up?
Good luck!
DOGE RESISTANCES/SUPPORTS1H MA20 28 RES
1H MA50 28 RES
1H MA100 28 RES
1H MA200 28 RES
4H MA20 28 RES
4H MA50 28 RES
4H MA100 28 RES
4H MA200 28 RES
1D MA20 28 RES
1D MA50 28 RES
1D MA100 28 RES
1D MA200 28 RES
1W MA20 28 RES
1W MA50 29 RES
1W MA100 43 RES
1W MA200 44 RES
1M MA10 27 SUP
1M MA20 41 RES
1M MA50 43 RE
Good luck!
Doge Has Completed The Bullish Setup To Breakout The ResistanceSince Oct 2019 the price action of Doge with Bitcoin pair is moving within falling wedge in the meanwhile it has hit the support of this wedge in the month of Oct , Nov 2019 and Jan and Feb 2020, and this the 3rd time it is hitting the resistance of this wedge 1st it was hit in Oct 2019 second touch was in Nov 2019 and 3rd touch is on 5th Feb 2020.
Sofar it was failed to break out the resistance neither break down the support as well but this time more chances are in favor of breakout the resistance rather than break down the support of this pattern.
This time the price line has hit the resistance at 0.00000029 sats and pulled back to 0.00000026 sats during price correction period in the meanwhile it has crossed up the center moving average of Bollinger bands after hitting the support and this is in actual the 20 moving average if the price action closes above this moving average then there will be strong chances of breakout very soon.
Moving Averages:
The price action is likely to close above the exponential moving averages with time periods of 10 and 20 after Nov 2019, today it will be confirmed whether the candle sticks will be closed above this level or move down again however if the price action will be successful to close above these exponential moving averages this EMAs will provide a very powerful up lift to Doge’s pricline and it will be great help to achieve the breakout from this wedge pattern.
The Bigger View:
On week chart the relative strength index (RSI) has already visited oversold zone for two times 1st in Jun 2019 and second in Sep 2019 and now turned bullish.
The stochastic has also given bull cross from oversold zone after Sep 2019.
The Harmonic Move:
The most strong signal that is received on week chart is the formation of bullish Gartley pattern which the price action of Doge has formed.
The formation was started in Sep 2019 and now the price action is moving within the potential reversal zone of this Gartley and there are strong chances that the price action can take bullish divergence at any time which will also lead the price action to breakout the resistance of falling wedge pattern which we have discussed earlier on one day chart.
Here we can set our stop loss the support of potential reversal zone and that is 0.00000025 sats.
Regards,
Atif Akbar (moon333)
DOGEBTC completed Gartley | For Upto 36% bullish movePrice action of Doge / Bitcoin has formed a bullish Gartley and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000028 to 0.00000025 sats
Sell between: 0.00000030 to 0.00000034 sats
Regards,
Atif Akbar (moon333)