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DOGE → Are We Heading to $0.30!? Or $0.10? Let's Answer.Doge had an 80% Weekly bull candle at the end of February followed by continued bull pressure into March. Where will Doge find resistance? How do we trade this? 🤔 The current market has a strong bullish sentiment. The 80% bull candle was followed by a tight trading range with more strong bull candles. We have yet to see a signal for pullbacks or reversals. We are on the second push up in the trend, leaving us the potential for one more. The RSI is currently at 78.00, which ought to give us some pause about the continuation of the bull action before a pullback. That is why I advocate waiting to enter a long until the price comes back down toward the Weekly 30EMA. It is reasonable to long scalp on a lower timeframe like the 4HR or even the Daily, but with a small position size and tight stop loss. Waiting for the pullback to the 30EMA is ideal for a long. 💡 Trade Idea 💡 Long Entry: $0.14 🟥 Stop Loss: $0.09 ✅ Take Profit: $0.29 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Two pushes up in a bull trend with a gap to close at $0.29. 2. 80% bull candle at the end of February signals strong bull strength. 3. Tight trading range after the February bull candle, likely a measured move up. 4. Long scalp on lower timeframe or wait for pullback to Weekly 30EMA to long. 5. RSI at 78.00 and above the Moving Average supports pullback before the next move up. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
HUGE breakout on DOGECOIN right around the cornerPlease make sure to LIKE and FOLLOW for more valuable content!!! Thanks KEY TAKEAWAYS A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole). A bullish flag appears like an upright flag on a price chart, with a rectangular price pattern marking the flag itself. The tighter the flag, the better the signal is said to be. Flag patterns have five main characteristics: 1.The preceding trend 2.The consolidation channel 3.The volume pattern 4.A breakout 5. A confirmation where price moves in the same direction as the breakout How reliable is a bull flag pattern? Flag patterns are considered to be among the most reliable continuation patterns that traders use because they generate a setup for entering an existing trend that is ready to continue. Flag formations are all quite similar when they appear and tend to also show up in similar situations in an existing trend.
Long
by SolStackz
Can Dogecoin’s Double Bullish Divergence Revive the Uptrend?Dogecoin (DOGE) has consolidated its recent losses, but several bullish signals call for a potential reversal. The DOGE daily chart has printed a double bullish divergence against the MACD and the RSI indicators, which can limit the short-term downside pressure. Double Bullish Divergence First, DOGE has formed a bullish divergence against the MACD indicator. DOGE's price made a new lower low on January 22, while the MACD indicator printed a higher low, which indicates a shift in the momentum. Secondly, short-term DOGE has formed another bullish divergence against the RSI oscillator. Against the January 10 low, DOGE made another lower low, while at the same time, the RSI oscillator printed a higher low. The confluence of the two bullish divergence signals seems to point for a temporary bottom at the $0.12 swing low. However, long term, the bearish trend remains in motion. Only a daily break and close above the 200-day simple moving average can signal a fundamental change in the trend direction. Additionally, most RSI readings are printed below the mid-level 50, suggesting that we are not out of the woods just yet. Looking forward: The first major resistance level comes at $0.20, followed by the $0.21 pivot point.
by cryptohopper
2
My Thoughts on Doge 5/12/2021I expect 3 ways for Doge to follow, 1. It somehow manages to break above the 0.55 level in couple days, which will make it bullish than it gains more hype and eventually it rises to Fib levels 0.90. ( but I don't find this realistic at all ) 2. Doge goes into consolidation state, it stays somewhere near the bottom of the box ( box is not that accurately drawn ) and goes sideways until it eventually starts to rise again for a big bullish movement. With the divergence in RSI, I find this movement very likely to happen. And this is the same formation it made before the big pump around March. If this is the case than it means doge has much more potential than just 0.7 imo. 3. Doge goes down drastically instead of moving sideways and it loses hype, everybody takes out their money in a panic than Dogecoin becomes officially dead. ( Nah doge still has potential ) Next week doge's destiny will be much more clear. I think probably just going to consolidate for one or two week. Doge has grown so big that I don't even think it could be worthless as people say all around. Not an advice at all, I'm just trying to predict the movement of Doge for myself.
BITTREX:DOGEUSD
by Kivvwi
1
DOGEBTC still supported. Will it go higher or not?Hi everyone, this is another update on dogebtc. As per chart we can see that for time of writing we have a nice reaction from fib 50%, but i would like to point out that after almost 1000% gain, we may see a 61.8% retracment on doge before any futher upside. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
DOGE BTC levels to watch Hi everyone, today i would like to present you with my analysis of Doge BTC, as you can see we broke thru previous resistance at 50% fib and positively retested it, which means we are going higher, but with that in mind, i would like to point that we may see resistance at 127.2 and 161.8 fib where pullback my occure. From 127.2 we may see retest of 88.6 and from 161.8 i would price expect to retest 100%. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775