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Dogeusdtanalysis

#DOGEUSD#DOGEUSD Although Dogecoin is rising again (together with the help of other cryptos: BTC and ETH) after touched the support level (3 times) at 0.1627.. , it seems now in a dischending channel and it will probably touch the support level at 0.2329.. before going up again. However, the other cryptos might drag Doge up. Once touched support level at 0.2329.., Doge will probably face an important resistance level at 0.3602.. Let me know what do you think of this vision, and comment your thoughts below. Don't forget to leave a like. I appreciate it.
BITTREX:DOGEUSD
by Three3WhiteSoldiers
2
💥DOGE TO RISE BY 45% TO $0.42 & FALL BY 35% TO $0.29Please support this idea with a LIKE👍 if you find it useful🥳 Buy level - $0.28 - $0.31 Stop loss - $0.242 Take profit 1 - $0.40 Take profit 2 - $0.42 Right here is possible inverse head & shoulder pattern with a confirmation to go long by 45% to $0.40 - $0.42. The left shoulder has completed it's formation. The head is in play. Therefore, once price hit the neckline at $0.421 - $0.45 and it fails to break it, then I expect a fall by 35% to $0.29 to complete the right shoulder. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on DOGECOIN TOKEN (DOGEUSDT) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
5
Doge Coin Attempts To Break Major Resistance Zone-DOGE has risen nearly 40% the last week -Bulls are struggling to fully break its resistance zone -500MA is holding as support for the first time in almost 2 months DOGE has been fairly slow compared to its performance in the beginning of the year. Even though it has revived nearly 77% from its low, you would expect a stronger move to occur sooner or later. The overall cryptocurrency market has been surging the last week & DOGE may just be one of the last to go. Much of DOGE’s previous rally was fueled from hype & social media influencing so we do have to question the use case & stability of a coin that was driven up by mostly hype & culture. Throughout the past 3 weeks, DOGE has been trading within an ascending channel. Each time price hit a trend, DOGE got sent to the opposite of the channel. Just over the past day, price experienced one of these rejections at the top trend. For DOGE to fully go parabolic, it must break over this top trend along with a major resistance zone that has held price down for over a month. This zone is from $0.269-$0.288 & if bulls manage to hold this area, price will likely hit the two targets that are shown. 

In a more short term view, we can see a trend line that has been respected since August 7th. In the case bears reject DOGE from its current resistance, price may fall below this short term trend line which would likely confirm a fall to at minimum the major support found at $0.239. Along with the short term trend line lies the 500MA. This MA has been resistance for nearly 2 months & price has just held it as support over the last day. A break below this MA along with the short term trend line will surely send DOGE back under $0.25. Support will be found from $0.225-$0.239. While looking at the Stochastic RSI, we can see a slight bearish divergence has formed. This occurs when price creates a higher high & strength creates a lower high. This just occurred & may be a trigger for strength to break below the 50 value. The MACD has been fairly flat the last few days which shows a larger move is on the horizon. If the histogram ticks red, this may confirm a short term downtrend is in place for DOGE. DOGE Intraday Analysis Spot rate: $0.268 Trend: Bullish Volatility: High Support: $0.251 Resistance: $0.269

by CoinGape
2