Dogeusdtlong
Dogecoin updateDogecoin broke through a symmetrical triangle. Now I'm waiting for a breakthrough above 200MA and successful confirmation of the breakthrough. When that happens I will enter the trade. Almost every time a coin breakthrough 200MA, we see a nice growth. Just look at the Chainlink and Vechain graph.
$DOGE IS READY FOR $28Dogecoin finally got out of the bullish triangle it's been forming since May and is ready to reproduce its usual pattern to 3.272 of Fibonacci. We can expect a rise whenever Bitcoins decides to pull-back in the next few weeks. See my previous post about Dogecoin for more explanation.
💡Don't miss the great buy opportunity in DOGEUSD @dogecoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.2446).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.2721
TP2= @ 0.2922
TP3= @ 0.3162
TP4= @ 0.3306
TP5= @ 0.3508
SL= Break below S2
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💡Don't miss the great buy opportunity in DOGEUSD @dogecoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.2446).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.2721
TP2= @ 0.2922
TP3= @ 0.3162
TP4= @ 0.3306
TP5= @ 0.3508
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DOGE ABOUT TO FLY TO $28 Why $28 ?
As we have seen before, Dogecoin always follows a specific pattern that we can reproduce with Fibonacci extension tool : it always goes to 3.272. We can reproduce this pattern and see that the next 3.272 is $28.
When will it begin ?
Bitcoin is rising, and we know that Dogecoin usually rises when bitcoin pullbacks. In order for Dogecoin to rise, Bitcoin has to pull back or go sideways for a while. Knowing that Bitcoin just reached its previous all-time high, we're going to have to wait a few more weeks in order to see bitcoin pulling back from a higher price than its current price.
What about the bullish triangle ?
We can see on the chart that Dogecoin always forms a bullish triangle before rising. Here we can see that the current triangle is 3 times bigger than the previous one, which let us conclude that the next rise will be much bigger than the previous one. Moreover, this triangle ends around November 15th which gives about one month to Bitcoin to rise and pullback in order for institutional traders to put move the money from Bitcoin to Altcoins
Tell me what you think about this chart down-below
Dogecoin bullish ideaDogecoin formed some kind of descending triangle. Usually a bearish pattern. But look back on the chart. The last time DOGE formed this type of pattern we saw more than 1000% growth. I don't think we will see such a explosion again but based on the chart we can expect that the DOGE will surprise us again. I have to mention that DOGE is one of the few large cap coins that is still under 200MA.
Dogeusdt analysis .... 4h# On the daily.. it crossed a bearish price channel at 0.2220
# On 4h it crossed a sub-bearish price channel at 0.2336
# Inside a bullish price channel (red)
# No selling target
# Purchasing targets are: 0.2630 // 0.2936 // 0.3157 // 0.4252
# The analysis fails if it breaks 0.2220
Dogecoin analysis* Dogecoin in 1H time frame forms a Symmetrical triangle.
* Symmetrical triangle occurs when the price consolidates between two trend-lines (ascending trend-line and descending trend-line) sloping towards each other, the price is forced to break either side of the pattern.
* If Dogecoin breaks either side of the pattern we can see a healthy move.