Dogecoin second wave and false break out? 😱Dogecoin rose 18% during yesterday's rise in bitcoin, but just as quickly corrected back to previous price levels.
Now, as with Bitcoin, there are 2 options, either a false-break or pushing to resistance, consolidation, breakout, and growth.
I am somehow confident that the first scenario will happen.
If the price reaches the local top, quickly reaches the resistance level, and makes a false break, it will be a good opportunity to sell.
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P.S. I personally will open entry if the price will show it according to my strategy.
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Dogeforecast
DOGECOIN will move slightly upwards!According to Bitcoin analysis and last doge coin analysis I expected to see DOGECOIN drop up to 0.16$ (I called it from 0.23$).
As you can see this cryptocurrency in moving in a downtrend channel.
For now dear followers I expect a pullback minimum up to 0.20$(channel's top), and Maximum up to strong resistance area.
After that according to market's situation and Bitcoin's analysis I expect to see more drop up to previous Target 0.16$.
I will update all analysis based on market condition.
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GOOD LUCK
DOG Coin exploding $1.00 in the future!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Dogecoin is holding its strong yellow uptrend trend line and as long as we above the yellow line we can hold and ride it to make higher lows and higher highs. Dogecoin Can see $1 in the future, not tomorrow not next month but when bitcoin makes a new high we can see more confidence back into dogecoin.
DOGE downtrend channel brokenDOGE breaks the downtrend channel and the retest is also done. DOGE also breaks the market structure of Lower Low (LL) and Lower High (LH). This is a good sign for DOGE. DOGE also tested the major support zone of $0.16. Use a stop loss of slightly below $0.18 if you opening a long position.
DOGE - 12h. Target $0.3, but need to hold $0.16The correction has been going on in the DOGE market for 2.5 months. The price, after a fantastic growth in April-May without volumes , is steadily falling. Sellers confidently keep their trend line, which we marked as a range on the chart. However, sellers do not try to take active actions. In the previous idea, we wrote that the best scenario for buyers is to continue to consolidate and hold the mark of $ 0.18.
As we can see, buyers could not keep this mark and allowed sellers to test the important range of $0.16-0.165 for the third time. This range was tested at low volumes . The DOGEUSDT price bounced off of course, but without hints of stopping the downward trend. Buyers failed to break through the sellers' trend range and, with a high probability, buyers will have to defend the range of $0.16-0.165 again.
A retest of this range will allow investors to aggressively buy DOGE with a target of $0.3 . However, analyzing the desire of buyers to form their own trend, there is a possibility that sellers will be able to break through the range of $0.16-0.165 and continue falling to $0.12-0.125. In such a case, it would be a wonderful range for globally buying DOGE for several months.
It is safe and conservative to buy DOGE after the 0.22 test and holding the mark of $0.18.
In this case, the sellers' trend will be broken and the buyers will prove that they are ready to hold the DOGEUSD price.
Analyzing the DOGEBTC chart, we see that the price has gone beyond the global triangle:
However, the price exited the triangle without aggression, on small volumes . In addition, the price of DOGEBTC is above the important liquid zone 0.00000475-0.00000540 . From this range, buyers carried out a new wave of growth in April.
Therefore, at the moment for us the main scenario is a retest of $0.16-0.165 with a possible false breakout of this range. After that, we expect the formation of a new sharp wave of growth with an ultimate target of $0.3.
An alternative scenario is a fall in the DOGE price to the range of $0.12-0.125. However, this requires the BTC price to update its low.
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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.
Dogecoin - could be a huge drop 😲😲Dogecoin has been moving in a downward pattern for the past month, creating lower and lower highs. At the same time, we can see the creation of a triangle with a clear support level of $0.168, at the last test of this level Bitcoin, rose 20%, while breaking the trend line, at the same time there was a strong volume increase, which meant someone got liquidity to sell. In fact, after that, the Doge corrected again and is now heading towards the lower support level again.
Will the support hold this time?
If the Dogecoin declines and squeezes towards this level, it is very likely that this level will be broken. You could try to enter the trade on a squeeze or safer on a breakdown and test as resistance.
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
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 build up for Aug.By know you already know I am eyeing a Breakout in Aug. there is no set week or day but I do believe we'll consolidate for a few weeks then start to see some big movement.
We very well may see a final big pullback in hopes to flush out all the paper hands, but the end of the year is going to be great for Crypto.
*Not Financial Advice
Bitcoin ❤ Lovers have two scenarios for Bulls Honeymoon 🚀⚡😍Yes, you guess it right there are two illustrated Honeymoon plans on the chart with your 'Honey' Crypto.
As you see the chart from the recent All-Time High from 64000 to the Last Swing High 18992 in December 2017 before Big Monster Bull Run started after the breakout in October 2020, now we have already retraced 78.6% at 28815 during this recent 'Fatal Crash' that means this is the Golden chance that Bulls can take the control of the Crypto party. How? Let's see below Scenario 1
Scenario 1: 78.6% is the last resort for the retracement before the upcoming new Bull Run, possibilities are very high that if they break the upper range of 41K mentioned in the chart that will be the final confirmation for Scenario 1 Bulls Mission Successful.
In any situation this recent crash low 28815 gets broken in the near term future before closing above 41k to 42K in the Big Timeframe then doors are open for Scenario 2 shown in the chart.
Scenario 2: In this we have used the Fibonacci Range from Bitcoin Inception to the All-Time High 64000 and we got two important numbers plotted in the chart at
61.8% is at 24925
78.6% is at 14059 respectively.
Now, BITSTAMP:BTCUSD will take a U-Turn from these above two Fibonacci Level, there is no doubt unless there is no such bad news/development in Cryptos Space in the future during that period.
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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