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.
MEME
BITORRENT PROCESSING FOR HUGE BREAKOUT - DAY 16/0Hello trading friends,
This is a daily update for BTT, with the last trends.
The expecting chart did start here
We are now on day 16 - it means for possible huge breakout it need happend into coming days depending on the before expecting.
Next important trend is that BTT should hit at last the 0,0025 trend, what will make the cycle trend going further.
Data
BTTC did increase into low time frame, but this also depending on the healty trend of BTC - and with time the expecting target could go step by step until the goal of 0,004 - what means a 100% increase trend coming time.
# know that this are an expecting trend depending on trends and data, make sure that your manage your risk well.
Have a great day.
BTT - DAY UPDATE - THE UNEXPECTED WHALE BREAKOUT - Day 17Hello trading friends,
This is a daily update for BTTCUSDT - BitTorrent with the last trends.
We have seen last time a breakdown trend on the low time frame of BTC - but even then BTT still did stay on stable trend - and there is noting changed for the unexpected whale increase what could happen coming time on BTT.
Depending on the green cycle trend and the last trend, we did expect BTT into coming 20 days to 100% increase, and the expecting still running, and we are on day 17 NOW!
We will follow the coming time trend and if there are any changes with the daily updates we will add them.
It's still an interesting coin to follow coming time.
_ Manage always your risk and check what is best for you on any coin setup.
Have a great day.
BTT - (Bitorrent) price prediction Next 20 days 100% increase Hello trading friends,
This is a prediction depending on data and trends for BTT for the coming 20 days. Watch trends have done before more predictions also for doge and other coins .
Why this production?
This production depends on last live data and trends, what makes me make this expecting for the trend that 100% increase is the possible trend.
Is there any guarantee this target will hit?
It will stay crypto there is not a 100% guarantee that this trend and production will hit - so for this reason manage your risk - but at the same time, it's a high expectation depending on different trend data.
The next 20 days are important.
For most of the coins, it's hard to expect around data for the expecting increase, in this coin, there could be an option to see the data much better, which means if the trend going that we expect then it should happen in the next 20 days.
This is not a trading call, manage always your risk, and trade depending on your setups.
It's a price target production, it could be right, and same time not.
Have a great day!
BITORRENT - LONG TARGET - WHALE TREND INCREASEHello trading friends,
This is an update for BTT with possible coming time whale entry to the target as the chart shows.
At know same time it can take some time before any increase happens, this coin is not a coin that moves fast. but unexpected whale entries are always possible.
Depending on the day update we did choose this token - it already 7% increased, and it looks if the trend going further for more
It's a swing trade, which means that we cant expect always a fast increase.
Same time make sure you manage the risk - and trading depending on your plan.
Know its long-term target - what means not need to happen into short term.
Have a great weekend!
If you like the content, give it a like, and follow for more updates - thank you
BITORRENT - Day trade interesting trend for Breakout zoneHello trading friends,
Depending on day trade BTT showing interesting trends for the coming time, we have added an important breakout point that got get hit if the data keep the green trends going.
Its interesting to watch it out coming time
Have great time all
Day trade - COTI showing interesting trendsHello trading friends,
This is a small trend view for COTI, which could show coming time interesting trends.
There is not always a reason to enter markets directly, this is a view to check for possible setups.
- we will see coming time with a time frame or this coin will get a confirmation for further uptrend.
Have a great day.
madness, as is traditiontook some profits last summer, along with a much needed hiatus. figured that was the best way to keep the aforementioned profits.
shes a moody puppers. if this week closes anywhere below .15 then I'm not buying until 0.12 at the very lowest. IF she manages to hold this level, then we have seen the shiba's shadow and it will be another six weeks of winter.
THE PEOPLE COIN SHOWS INTERESTING TRENDS AND DATAHello trading friends,
The people coins show an interesting trend, but it's too short to say it's the next dogecoin.
The price is in the area of 0,04 trend, and it has options to increase more with time.
It's important to find good setups of coins like this, as the price can change between range and range into the short term.
Depending on history trends we see a breakdown trend since the 0,18 top, and it seems we are about to confirm a new bottom on the high time frame.
With time frame we will have more data about this coin which seems to be an interesting trend for the coming time and with a possible more % increase trend.
Will follow the coin coming time for possible new setups, and it's always good to study the trend.
Have a great day.
MEM-USDT Bottom + Falling WedgeBreak out + re test + bull div. Strong bottom at 0.10$. Low supply on the exchanger.
And so it beginsOrks vs Mankind.
Bears vs Bulls.
A battle to decide the upcoming months.
The shadow over Mordor grows larger and larger each time the price gets repelled by negative trendlines and hope seems to fade in our darkest hour.
But... there IS hope.
The lower bound Logarithmic Growth Curve has given Bitcoin Support in the last 10 years. But will it stand strong, or will future Bear-Millionairs ask: Were was the Logarithmic Growth Curve when 40k fell?
The next days will decide if we have to cancel our Forbes-Interview or if we never have to work again.
Which side are you on? Crypto-Chad or Paperhands-B*tch-Boy?
Stay tuned for more!
DOGEUSDT: WILL TESLA BRING DOGECOIN TO THE MOON?Hello Enthusiast Coin Addict! Here's short-term outlook for DOGEUSDT , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
*DOGEUSDT is breaking out of the Falling Wedge Pattern
*Breakout of Falling Wedge Pattern could indicate a potential bullish movement in the near future
*MACD indicator already crosseed above the zero level area, that signify the potential stronger bullish momentum may remains ahead.
*Furthermore, Elon musk said,"Tesla is accepting payment for some merchandise with doge coin". The action may impact on stronger bullish bias on DOGEUSDT.
The roadmap will be invalid after exceeding the resistance/target level
*DISCLAIMER:
This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.
DOGECOIN - INCLUDE TARGETS PointsHello trading friends,
This is an update with doge targets depending on A B C trend strategy with trend lines.
At this moment doge is into a green cycle, but this is just the start, and dogecoin should prove and confirm more targets to go main target and volume trend area and the FOMO area where the risk management should be completely fine.
Into the chart, you can find some interesting points, which means if we gain a level with confirmation, high chance the next one will come.
0,30+ trend are an important price expecting for dogecoin, as the same time the main area started there, this is also showing on the chart.
This chart shows where we are, for example, if we find our self into the FOMO level, then we know risk are high, and the main trend we know is that we could break out. and ad support, we know this could be the button and new start and so further.
Have a great day!
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DOGECOIN vs SHIBA INU 2Here we go: These dogs are wrestling with each other again! (see the 1st "fight" in the related idea) Who is gonna be stronger?💪 This is comparison DOGEUSDT/SHIBUSDT, so if the:
- price is going up, it means DOGE is stronger than SHIB
- price is going down, it means DOGE is weaker than SHIB
DOGE just broke up the major downtrendline (red). I think we could see hitting the resistance zone (7600-8300) during the throw-over out of the yellow rising wedge as shown by orange path projection. Then drop and bounce off the wedge upper edge followed by surge to the target. To sum it up, it looks to me that DOGE could be stronger than SHIB in the following days/weeks. Let me know your thoughts!
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
This Classic Breakout Calls for a Shiba Inu ReversalShiba Inu (SHIB) was one of the top gainers from yesterday's rally in market, gaining more than 13% after breaking above a critical descending trendline.
Trendline Breakout
Shiba Inu's price is set for a short-term rally after breaking above the descending trendline that connects the lower highs starting from the all-time high of $0.000088, but it faces short-term resistance at $0.000039.
The trendline breakout gives hope to the bulls that the current rally can continue. This is a significant breakout because it was used to frame the sell-off from the all-time high. In this regard, the current breakout might signal a shift in the market sentiment and a possible reversal.
MACD Bullish Divergence
Additionally, another classic technical pattern known as the MACD bullish divergence adds confluence to the bullish case scenario. The MACD bullish divergence happens when the price is making lower lows, but the indicator is making a higher low, which signals that the selling pressure is cooling off.
Moreover, the SHIB price is currently bouncing off a key long-term support level at $0.000026.
Oil outlookDemand on oil will remain unchanged during year 2022 as economies recover from COVID-19 pandemic, prices will rise up as economies try to push above 2019 numbers.
But this rise in prices will be managed by supply distributions as long term high oil prices harm production prices and a lot of economies, supply will increase to stabilize prices.
Chart say supply zone around 100 dollars, and now the price move in rising wedge completing three up moves of it, correction to down side and then a rise is the most probable thing.
Remember we trade the chart not the economy, fundamentals and micros give us sense of the long term direction, but it tells nothing about the future price movement.
SHIB/USDT - WHERE TO GO ? UPSIDE AND DOWNSIDE TARGETS.SHIB HAS GONE PARABOLIC for a year and needs to consolidate.
forming an inverted head and shoulders.if the H/S fails,it will be a violent capitulation to the 0.00002 or lower.
if the H/S materializes. we will come back to0.00007.
There is no certainty in trading , only probabilities,
Trade safe.