Dogecoinanalysis
DOGECOIN USDDoge has hit a Strong Support Area of 16c.
Backdating data from Previous High of 44c, we notice bearish movement - resistance.
Pattern : Symmetrical Triangle
Current Price : 18c
Future Targets : 24c | 30c | 37c | TP: 44C
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Doge Possible Bullish Divergence Regular Bullish Divergence formed on the daily timeframe indicating a possible trend reversal, However personally I think due to low volume and the strong selling pressure as well as bitcoin, an upwards movement from here is unlikely.
Maybe by a huge sell off and a spike in volume we see price going up.
DOGEUSD 4h LONG/BULLISH - BOTTOM REACHED!DOGEUSD 4h LONG/BULLISH - BOTTOM REACHED! - I personally just entered a LONG position on DOGEUSDT after a long time only shorting, I believe that there is a strong possibility that we just changed trends on the 4 hourly TF, on the daily we are ranging, we weree in a downtrend on the Daily and 4 hourly TF with our Fibonacci Extension target being hit on BOTH right now and i see strong support which gives me the idea that we changed trends. If this is true I will be updating our targets! THIS IS AN IDEA, DO YOUR OWN RESEARCH BEFORE ENTERING TRADES!
💥DOGE IN A CRITICAL ZONE - WHAT NEXT?🤔Please support this idea with a LIKE👍 if you find it useful🥳
Dogecoin currently trading at $0.173 is in a very critical/tight zone indifferent of whether to breakout upward or downward.
An upward breakout from the triangle would pump doge to $0.27, $0.43 and $0.50.
But a downward breakout would dip doge below the current price.
What do you think?
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Happy Trading💰🥳🤗
DOGE Sell a triangle break.DOGEUSD - Intraday - We look to Sell a break of 0.2248 (stop at 0.2333)
Trades with a bearish descending triangle formation.
The bias is to break to the downside.
A bullish reverse Head and Shoulders has formed.
The previous swing low is located at 0.2260.
A break of 0.2250 is needed to confirm follow through negative momentum.
Daily pivot is at 0.2260.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 0.2001 and 0.1948
Resistance: 0.2400 / 0.2530 / 0.2600
Support: 0.2300 / 0.2150 / 0.2000