OMG DOGEUSD is up over 25% again. Clearly undervalued.
I got in mostly around 0.16cents, I will disclose also, it's one of my biggest holdings.
DOGEUSD is hammering upwards in price again today. Don't write it off due to its comical naming, because it's chart structure is very defined, very bullish and it's a very tidy, organised chart. What you see is what you get.
The chart is all I really go by, they could be selling hotdogs and it wouldn't matter, this is going way past $1 VERY SOON. It's one the biggest star breakout performers since Bitcoin recently climbed and broke out beyond 75k.
Longdoge
DOGEUSD - A Healthy 30% Long Trade Even when Near Pinch PointSimilar to most (but not all!) cryptos out there currently, there's a long descending trend line which started forming around May 2021 and seems to have been keeping a limit of most cryptos ever since. DOGE is no different, it has recently tested this trend line and been rejected but seems to have been forming a smaller parallel channel of it's own...
This in conjunction with a Buy signal from Crypto Tipster v2 leads us to beleive that DOGE will likely stay within BOTH areas for the time, possibly heading up to the upper edges of these current trending channels - taking the price up a rather huge 30% from it's current place!
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Doge EYEING 0.36 USD???Might be a little bit too early to tell because the setup is not complete in my eyes in the HTFs except the daily.
Why am I saying this??
On the monthly TF, we can see that price has been forming lower lows, clearing SSL the past few months. From that, yes we can time our buys as the market rebalances or retraces into the monthly OB. But for those planning on holding their coins, this way might not be ideal for them. All I'm trying to say is, how long is this buy going play out? Is it the one we can use to see price form higher highs, after months of plummeting??
Well I'd like to see this few scenarios unfold first, to be more confident about it.
1. For now on the Monthly TF, I expect to see price move into the monthly OB or even the resistance area, around 0.19194000 and then retrace.
2. On the Weekly TF, I want to see price purge through the previous swing high, that is where I believe the buy stops are residing or buyside liquidity.
3. After clearing the weekly swing high or BSL, i want to see price then retrace back prior or after entering the OB at 0.26597000 .
After all of this has occurred, I will then expect future higher prices clearing previous highs.
Please feel free to correct where I am wrong, I'm still learning..
Ohh, the reason I said that the daily is showing a change in the market structure is because we can see that there is a break of the market structure that occured days ago when price purged through a previous swing high retrace then moved up..
DOGEUSD Inverted Cup and Handle! Very Bullish, Support!What's up, I know I just posted one under DOGEUSD:FTX I don't think many use that? or maybe they do?
Anyways! Tad more detailed! Not as detailed as others but we have few levels of support and I believe with that Inverted Cup and Handle after some Consolidation we should make a move up .02 cents to .08-.10 Level Very soon!
A lot of people think DOGE is a Joke and will fail. It's proving it here that it has support and followers, needs more buyers though to break through that resistance!
I believe we shall break through on this next run coming 12-24 hours!
Lets go Forever DOGe!