Dogecoinanalysis
Dogecoin resists to fight and falls back? Hi Folks,
This is the price of Dogecoin after the tweet of Elon Musk on Twitter. Has his manipulation of prices stopped working???
Well definitely you don't want to see prices fight resistance like Doge is doing now. Small candles, small bodies and long wicks. that says indecision. Market has lost direction. So it can go either way.
But if you look closely, 4 hour chart, you see the resistance line has been tested 4 times earlier BLUE FLAGS and has got rejected 4 times earlier.
So what does this tell you about the psychology of the market??? Do the math!.
It still can go either way but the chart tell us that the chance of going downwards is greater than going up.
But hey we only need one trader some where In the world that push prices higher in an instant.
What do you think gonna happen ???
Leave a comment below and like if you like the idea and the way I view the charts..
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DON'T BUY DOGECOIN!!Hi Folks,
Don't buy in to Dogecoin purely on the Technicals....
When looking at a daily candlestick chart you see a Bullish Engulfing pattern. That is bullish and nice. But that is representation bias....
When you scroll down in to the 4 hour candlestick chart we see divergence.....
We see a Bearish Engulfing pattern and the candles after the Bearish Engulfing are High Wave candles.. Telling us the market has lost direction and the price is losing momentum.
The volume is declining.
WHAT TO DO KNOW?
Wait. as hard as it can be. just wait for the bulls to prove that they are in control and take over price. price must close around $0.22000/$0.22500.-
But I expect decline to the underneath given prices..
And Dogecoin will have my interest around these levels to buy in..
High probability price will move back to 1st support level around $0.17500/$0.18000.-
If it doesn't hold it probably move back to $0.16500/$0.17000.-
And if that level doesn't hold it probably will move back to $0.15500/$0.16000.-
Testing support at that level again.
Doge Pump Not Done Yet?Here on the 1 hr chart you see we've been on a nice run since the morning of July 20th leading up to The B Word talk.
Looking at the Fib Retracement we see that we touched the Golden line of .618 (.186 price) as well as hit the middle band in the Bollinger Bands, this is typically a strong indication of another Bullish trend. I wouldn't be surprised if we even fell back too .786 line (.178 price) then begin our next Uptrend.
If we do fall too .168 price we may see a Bearish reversal & consolidate around that price moving into Thursday July 22nd.
Still need to monitor BTC moving forward.
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?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗