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Dogecoinusd

DOGE Consolidation continues, when to expect a shot up price ?We last published an idea for DOGEUSDT 2 months ago Since then, the price of DOGE has fallen by -30% and has consolidated above the strong level of $0.20 . And although further on the chart of DOGEUSD buyers organized a 30-40% bounce of the price up, but if this rebound is compared with the BTCUSDT price rally, which was in recent months, the growth is not too strong for an altcoin. This combination of inputs, allows us to assume that at the moment, Dogecoin continues to consolidate and compose a medium-term long position. The upper bound of the consolidation is near the $0.30 level and the price may still reach this level in the coming days. To ensure a strong shot at the DOGEUSDT price yet this year, buyers should not allow the price to fall below $0.22. This is the lower boundary of the current consolidation. Fixing the price below $0.22 will move it into the framework of formation of another reversal pattern: "Double Bottom" or in the form of a cup. In this case, the lower buying zone and the critical level will be around $0.1650-0.17 Global targets for growth of x2 and higher. In principle we tried to represent all variants on the chart in an understandable way. If something is unclear, or you do not agree with our vision of the market, we are ready for a productive discussion below in the comments. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
75
DOGE ABOUT TO FLY TO $28 Why $28 ? As we have seen before, Dogecoin always follows a specific pattern that we can reproduce with Fibonacci extension tool : it always goes to 3.272. We can reproduce this pattern and see that the next 3.272 is $28. When will it begin ? Bitcoin is rising, and we know that Dogecoin usually rises when bitcoin pullbacks. In order for Dogecoin to rise, Bitcoin has to pull back or go sideways for a while. Knowing that Bitcoin just reached its previous all-time high, we're going to have to wait a few more weeks in order to see bitcoin pulling back from a higher price than its current price. What about the bullish triangle ? We can see on the chart that Dogecoin always forms a bullish triangle before rising. Here we can see that the current triangle is 3 times bigger than the previous one, which let us conclude that the next rise will be much bigger than the previous one. Moreover, this triangle ends around November 15th which gives about one month to Bitcoin to rise and pullback in order for institutional traders to put move the money from Bitcoin to Altcoins Tell me what you think about this chart down-below
BINANCE:DOGEUSDLong
by oneuptrading
57