Dogelong
Ichimoku says:doge is ready to flyIn the weekly time frame we approach the corner of the triangle pattern.the candle will form next week near the switch point in the ichimoku cloud and doge coin prices are likely to rice to the around45 cent(as the first target point).
attention: this is for educational purposes only and should not be traded on
doge new ideaIn the daily timeframe a triangle pattern is seen and dogecoine price is condensing in the corner of the triangle.the price of 16 cents is a very important support range. the Andrews' Pitchfork pattern identifies support and resistance line.
attention: this is for educational purposes only and should not be traded on
Possible 20%Hi traders,
As you know, DOGE broke out its downtrend. So I was expecting a re-test which happened actually. However, I missed the opportunity. In my opinion, there could 3 scenarious.
1- Price closes in demand area and go up
2- Price hits the downtrend again and go up
3- Price just falls.
For the firsst and second cases, I am gonna buy DOGE partially. First buy is about the demand area indicated as grey area. The second buy will be on the trend line. My stop level is about 4-5% from the demand area.
To be honest, from the general perspective of market, I am bullish. That is why I believe it will go up. In any case, do not forget to put stop loss.
Stay safe traders.
Doge Trendline breakout tradeI've been looking at this chart for quite some time and now that I am booking profits on Ethereum (not a financial advice), I am looking to take this trade.
The following are the trade criteria.
First and foremost we should always align bitcoin's move with doge. If bitcoin looks in a healthy uptrend, that's a check.
Second, we l wait for the doge to break the trend line in 4hr timeframe with "significant volume", significant being the keyword.
Third, we wait for a pullback along the line of resistance for a retest of the trend line.
If we can confirm the resistance, by price action that's where we will take our position.
You can not go wrong with a well planned trade ahead of time and make sure you stick with your take profit levels.
Happy trading.