Doge - Is Dogecoin going drop to this area?On the Dogecoin chart, we see that the price has come to the key level of $0.28 as I said in yesterday's idea!
Now the price has broken this level and made a false breakout, if the price can test the sell zone, it may be a good point to enter, and its target may be in the area marked below.
Take care of your money, set stop losses!
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Dogesignals
DOGE Doge, slide slightly down on a secondary descent channel formed in the last 24-48 hours. As a bullish observation, it does not fall sharply, but seems to go down braking, with its eyes on the BTC. To follow the major support from the main consolidation channel, located at 0.37. A fall below this value may indicate a change in trend, and we can expect larger declines.
DOGE ! The support worked for the Doge, who suddenly woke up from his lethargy, pulled hard behind the wheel turning 180 degrees to the rises. He has shown some strength over the last 24 hours, and that gives us confidence that he can continue in the same way. long moderate prediction for DOGE over the weekend
I ANALYZE FOR YOUR COMFORT - DOGEParadoxically, but as long as all Crypto fell, Doge stopped falling. As long as it is above the support marked with the red box, we still have hope of recovery. On the other hand if it passes under the support. it is a sign of new declines.
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I ANALYZE FOR YOUR COMFORT - DOGEAnd DOGE is still moving .... After the ambiguity of a satirical show, and after the global media thought Musk had left him, Doge began a seemingly healthy recovery. Eventually Elon climbed it, and he lowered it. But on Sunday, as if wanting to fix something, Space X announces a Doge 1 mission, next year !! And .... accept payment in Doge !! It somehow follows what Musk said on SNL, when he concluded about Doge with the famous .... "to THE Moon". I would say unique! But the market a little shaken after the waves of the last days, and why not after the previous stellar growths, is still thinking. The recovery of the declines has stopped a bit and it seems that the short-term future for Doge is playing in the area marked with purple lines. If it crosses the last line, it is possible that by tomorrow it will fully recover the decreases, if it passes below the last purple line, it can return to the support reached yesterday and marked with the red box. the latter option may also include new decreases. It's all about perception, about us, about the Market, and why not about DOGE "Father", who doesn't seem to have let go of him yet. My prediction for today is cautious-Long!
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I ANALYZE FOR YOUR COMFORT - DOGEThe price of Dogecoin has dropped as Elon Musk’s appearance on Saturday Night Live approaches. Cryptocurrency is promising, but please invest with caution!” he wrote in a tweet, as well as linking out to a video from February in which he gave similar warnings.
Perhaps as a result of that new mood of concern, Dogecoin’s value dropped in the hours ahead of Mr Musk’s SNL appearance. Just a couple of hours before it was due to begin, the cryptocurrency was down by 3.8 per cent when compared to 24 hours before. The recent drop in the price of Dogecoin was far from enough to erase the substantial gains it has made in recent weeks and days. It is still up 68 per cent over the last week.
Avum chart still looks bullish. The correction seems minor, without much force. The upward trend remains intact, but Mr. Musk urges caution, and his interventions have always moved Doge, so it wouldn't hurt a little expectation on our part, at least for the next 24-48 hours. Prediction remains long-cautious for Doge for now ....
I'M ANALYZING FOR YOUR COMFORT - UNSTOPPING DOGEHigher lows Higher highs, just like in the book. Doge sweeps everything, and climbs. Of course, we men know that what increases, then decreases, but in the case of Doge, that moment still seems far away. I don't see why we wouldn't continue to take advantage of it and why we wouldn't make the last drop of profit out of it. GO DOGE GO!
DOGEUSD Potential for $3.50 - 5.50 on the next Fibonacci peak.The pattern on DOGE is a Channel on the Fibonacci scale since last November/ December when the 0.005 High broke.
Since then, every High crossing has resulted into a break-out towards the 3.0 Fibonacci extension.
Every consolidation phase traded within a maximum of 2.00 Fib interval.
The current is within the 3.50 - 1.50 Fib levels of the Channel. Assuming that the April 23 ~0.1400 low holds, then the 3.0 Fib extension, when the April 16 ~0.4800 High breaks, will be around 5.60. Assuming a scenario where the current consolidation is longer than the previous, then it is possible that the 4.00 Channel Fib ext won't be crossed on this phase. That puts the Target Zone of the next peak within roughly $3.50 - 5.50.
How realistic is this for you?
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Shorting H&S pattern with R:R3 for approx 40%Hello everyone,
This is closer view and timing of potencial short for DOGE from previous idea
Be very carefull because spiky upward trap might happend. Before going short I personally would wait for that stoch cross
Keep in mind the monthly RSI
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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DOGEBTC The selling is far from overThis week DOGEBTC is posting its first green 1W candle after the February 01 (candle-wise) top. This doesn't mean that the selling is over as there is still a long way to go before it tests its historic Support Zone. The green zone shows where the typical Target Zone is after it bounces off the Support, apart from the rare extremes hits (red arrows) on the Higher Highs trend-line.
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DOGEUSD Cyclical target 0.600 but correction firstDOGE has been the talk of the week because of its huge prior rise, mainly assisted by Elon Musk's tweets. Even though the future looks bright for this coin, there are indicators on the 1W time-frame that point out to a correction first.
As you see on the chart, I've drawn its historic performance on a Fibonacci Channel, with the 0.618, 0.5, 0.382 retracement levels playing a key role since 2014. For that reason I've also inserted their Fib extensions: -0.382, -0.5 and -0.618.
During the first Cycle, DOGE made an initial high just outside the 0.382 Fibonacci retracement level. Then it pulled back considerably and only found Support within the 1W MA50-MA100 zone before resuming the cyclical rise and make its Peak (All Time High at the time) around 0.019.
That initial High looks very similar to the High it just did, as both the 1W RSI and LMACD are on the levels of early June 2017. In fact see how the RSI pattern looks the same from all the way to the bottom of the Bear Cycle, i.e. the start of the Bull Cycle. The LMACD seems to be preparing a Bearish Cross too.
Assuming that is the initial High, if the pattern of the previous Cycle is repeated then we can expect a pull-back within the 1W MA50-MA100 and around the 0.618 Fibonacci retracement level and after that the Cycle's Peak around the -0.5 Fibonacci extension. That is currently a little over 0.6000. In addition and with respect to DOGE's Fibs on the long-term Channel Up, a 0.6000 peak would make a perfect touch on the Channel's -0.382 extension.
What do you think? Is DOGE preparing for one final pull-back before an end of the year rally to 0.6000?
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