Dogeforecast
If the price breaks this wedge, the doge could fly away!🤑🚀After a recent attempt to update its local high, the Dogecoin has corrected by 13%, now Dogecoin locally formed a wedge pattern. If the price continues to trade in it and presses to the upper boundary, the wedge may be broken and the price will go up. The best entry point into the position may be in the event of a squeeze, a breakout, and a test as support for the upper boundary of the wedge.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DOGE Buy the uptrend.DOGEUSDT - Intraday - We look to Buy at 0.2512 (stop at 0.2388)
20 4hour EMA is at 0.2500.
50 4hour EMA is at 0.2520.
Trend line support is located at 0.2500.
We look to buy dips.
Pivot resistance is at 0.2900.
Offers ample risk/reward to buy at the market.
Our profit targets will be 0.2871 and 0.2931
Resistance: 0.2600 / 0.2700 / 0.2900
Support: 0.2500 / 0.2400 / 0.2300
Doge finally falls in line with other crypto after Elon.I am not a legal financial advisor or consultant, everything shown here is strictly for learning purposes and is of my own opinion. Please do your own research and due diligence and never take any one persons words as 100% truth. Elon, wtf man. Elon is a walking talking market manipulating machine, but please SEC, continue to investigate WSB. Anyways after Elon screwed Doge's sector rotation, an amazing feat to be sure. Doge has finally fallen in line with other crypto. I still pull small gains from doge when I can but just like BTC, doge has lost a lot off the top and there is still good downside risk to it. Just be careful ok, volatility in crypto is off the charts.
#Doge looking to create a Higher HighUp too this point we created a Higher High as well as a Higher Low which is a very strong indication that were on a Bullish trend.
I laid out a possible spike identical to the previous Higher High we just had, this would put us right around .35 moving into Monday morning. If we get a pullback through the night we may find our way down too .24 which is our new floor so this means we need to stay cautious as we move into the new week.
* Not Financial Advice
#Doge Dragon ?Created a nice Bull Pennant on the 15 min chart, may see a nice push through the .251 resistance! If we are able to do so, we may pass straight through it followed by a slight pullback creating a Higher Low, then see another Bull push which would create a Higher High.
Still a chance to have a pullback too .244 from this wedge pattern, I will keep you posted.
Exciting time for the Doge Community.
*Not Financial Advice
DOGE market updateHello, Traders!
DOGE ended its uptrend and lost 77% of its highs in value.
The market is under selling pressure, with DOGE also under selling pressure. Buyers hold $0.177 as a strong support level.
Those who believe in the "DOGE Power" and want to earn in case of its growth should hoard position in parts.
The first part can be taken in the range of $0.177 - $0.220.
The second, in case of further decrease in the range of $0.115 - $0.145.
Target price levels would be
$0,32
$0,40
$0,54
$0,70
The stop-loss order will depend on your risk management and the amount of money you allocate to a trade.
All risks need to be considered, and you should not open a trade with more than 10-15% of your trading deposit. It is always important to follow the basics of risk management.
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice
#Doge Reversal?Here I have drawn out the Bearish trend indicated by the Lower Highs & the Lower Lows.
We currently have a slight push moving back upwards but this does not mean we are in the clear yet. We still have a strong possibility to drop too .225 & continue this Bearish trend.
We could see a push out of this trend & hit the .247 resistance followed by a retest too .236, what follows that will be a strong indicator of where we are headed next.
If we get a retest & continue to fall too .225 then we are still Bearish, but if we are able to retest & move too .25 we may be in a Bullish trend moving through the night. Which would be a solid indication of a Buying opportunity for a Swing Trade.
*Not Financial Advice
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!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
#Doge Hourly chart very BullishHere you can see on the Hourly chart we have continued to create Higher Highs as well as Higher Lows over the past 3 Days.
As we move through the morning into the afternoon we need to pay attention to the Pullbacks. If we happen to drop lower than the previous Higher Low (.21), then we may be in for a Reversal or Consolidation phase.
*Not Financial Advice
Dogecoin - Big chance for a pullback to 0.28 🤑🤑Update on Dogecoin!!!
Doge like other coins fell very hard, this coin fell more than 40%, the price broke through support levels of $0.21 and 0.17, then gathered liquidity below, we see this because the volume increased and the price quickly returned above these levels. Now the price has squeezed near the local trend line.
I think the price could move up into the value area, and I am now on the lookout for an entry opportunity.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DOGE - 6h. Consolidation is the best scenario for buyers
A month and a half of trading on the DOGE market at low volumes allowed sellers to lower the price to $0.16. The last time the DOGEUSDT price was at this mark was in April 2021, after a powerful hype wave of growth. Then the buyers managed to continue their trend. However, they failed to hold on to the important liquid zone of $0.52-0.57. This price zone now looks like the maximum target of buyers for a new wave of growth. However, is it worth waiting for a sharp, aggressive and fast wave of growth in the DOGE market in the near future?
In our previous idea, we expected the growth of this coin, but buyers managed to test only our first goal:
In addition to the important range of $0.52-0.57 , buyers also lost control over the liquid zone of $0.28-0.31. The chart shows that this happened without much struggle on low volumes.
The fact that interest in the DOGE coin has dropped dramatically on the daily timeframe:
Low trading volumes both on the attempt to increase the price of DOGEUSDT, and on the attempt to stop the fall of the market.
If we analyze the trading volumes during the insane growth wave of April 13, 2021, then a certain concentration of liquidity is in the range of $0.13-0.14. So far, sellers have not managed to reach this area. However, while the control of the $0.28-0.31 range is under the control of sellers, the likelihood of the continuation of the downward trend is lower.
A positive scenario for the DOGE market is the price stopping in consolidation for the accumulation of forces. A successful attempt to break through the $ 0.28-0.31 range will be a good signal to start a new wave of growth with the target of $0.52-0.57. In the meantime, the price is in the black falling channel
If we analyze the DOGEBTC chart, we see that the probability of continued price consolidation is quite high:
The price has stopped between two powerful liquid zones and no particular aggression is visible from either side.
Therefore, while the situation on the cryptocurrency market does not inspire positive thoughts even now. However, the ranges of consolidation , in which the price is likely to move, make it possible to find profitable trading situations and not lose heart.
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