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.
Dogecoinusd
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!
Dogecoin - Have you seen this? 😱😱The global picture on the Dogecoin chart.
On the daily timeframe, a wedge pattern is clearly visible and the price is now near the upper boundary. If the Doge approaches the lower boundary of the wedge and continues to squeeze towards it, there is a good chance of a breakout and a move down to the marked zone.
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
DOGE sell the downtrend.DOGEUSD - Intraday - We look to Sell at 0.2369 (stop at 0.2456)
Daily signals are bearish.
Trend line resistance is located at 0.2380.
Neckline resistance 0.2300.
Broken out of the triangle formation to the downside.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 0.2125 and 0.2025
Resistance: 0.2260 / 0.2300 / 0.2400
Support: 0.2100 / 0.2000 / 0.1900
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
How DOGE likes to pump DOGEUSDIdea for DOGE includes a few wedge patterns mostly falling
Each breakout of these patterns has led to massive rises in price
I expect a large pump through 1.618 after this current period of consolidation (falling wedge)
~500% or more
DOGE sell the breakdown.DOGEUSD - Intraday - We look to Sell a break of 0.2269 (stop at 0.2381)
Daily signals are bearish.
Trades with a bearish descending triangle formation.
The bias is to break to the downside.
The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment.
A break of bespoke support at 0.2300, and the move lower is already underway.
Our outlook is bearish.
Our profit targets will be 0.1954 and 0.1904
Resistance: 0.2550 / 0.2700 / 0.2900
Support: 0.2400 / 0.2300 / 0.2150
Doge ST ContinuationAs you see we have been riding in this consolidation phase since 0345 this morning & placed a trade at 0900.
The market seems to be gaining momentum as we move through the weekend which is surprising. What we need to see next is for the Volume to pick up so we can break through the upper resistance. If we fall below the Supply Zone we may see a retest then a mild pullback.
DOGE Buy the uptrend.DOGEUSDT - Intraday - We look to Buy at 0.2512 (stop at 0.2388)
20 4hour EMA is at 0.2500.
50 4hour EMA is at 0.2520.
Trend line support is located at 0.2500.
We look to buy dips.
Pivot resistance is at 0.2900.
Offers ample risk/reward to buy at the market.
Our profit targets will be 0.2871 and 0.2931
Resistance: 0.2600 / 0.2700 / 0.2900
Support: 0.2500 / 0.2400 / 0.2300
Doge finally falls in line with other crypto after Elon.I am not a legal financial advisor or consultant, everything shown here is strictly for learning purposes and is of my own opinion. Please do your own research and due diligence and never take any one persons words as 100% truth. Elon, wtf man. Elon is a walking talking market manipulating machine, but please SEC, continue to investigate WSB. Anyways after Elon screwed Doge's sector rotation, an amazing feat to be sure. Doge has finally fallen in line with other crypto. I still pull small gains from doge when I can but just like BTC, doge has lost a lot off the top and there is still good downside risk to it. Just be careful ok, volatility in crypto is off the charts.