DOGE-USD
DOGE/USD - The Dogecoin Memecoin Is BullishJust a quickly put together idea on the DOGECOIN.
It appears to be forming a bullish flag which could break out to the upside. Keep an eye on the movement and price action around the lines marked up. If we see a breakout to the upside or downside a position can be entered with a SL to the opposing side and a TP at the nearest support / resistance level.
A trading opportunity to buy in DOGEUSDTechnical analysis:
. DOGECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0023 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0023)
Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0031
TP2= @ 0.0039
TP3= @ 0.0047
TP4= @ 0.0059
TP5= @ 0.0074
TP6= @ 0.0101
TP7= Free
A trading opportunity to buy in DOGEUSD Technical analysis:
. DOGECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0026 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0026)
Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0039
TP2= @ 0.0047
TP3= @ 0.0059
TP4= @ 0.0074
TP5= @ 0.0101
TP6= @ 0.0183
TP7= Free
A trading opportunity to buy in DOGEUSD Technical analysis:
. DOGECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0026 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0026)
Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0039
TP2= @ 0.0047
TP3= @ 0.0059
TP4= @ 0.0074
TP5= @ 0.0101
TP6= @ 0.0183
TP7= Free
DOGECOIN (DOGE/ USD) BIGGER DIPS...BUY OPPORTUNITY! (2H CANDLES)HEY TRADERS, SINCE MANY OF YOU SEEM TO BE INTO PUMPING SHIT COINS, HERE'S ONE THAT MAY PEEK YOUR FANCY. ENJOY!
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
HOW TO READ THE YELLOW-ORANGE RAINBOW:
+ IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND
+ IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND
+ MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE
+ COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE.
DOGECOIN ANALYSIS:
+ TRADING RANGE = $0.00565 - $0.001
+ LOOKS LIKE THE RAINBOW RIBBONS MAY REACH A PINCHING POINT WITHIN THE NEXT 6-8 HOURS. PRESSURE WILL DRIVE PRICE DOWN UNTIL PINCH POINT IS REACHED. THIS PRESSURE BUILDUP MAY RESULT IN POSITIVE OR NEGATIVE PUMP. I'LL KEEP YOU POSTED AS THIS UNRAVELS.
+ (LIKELY) PRICE MAY BREAK WHITE SUPPORT, RESULTING IN BIG DIP TO $0.00565 LEVELS.
+ (UNLIKELY) PRICE WILL BOUNCE FROM WHITE SUPPORT AND TEST $0.0094 BEFORE POSSIBLY CONTINUING UPTREND TO TEST $0.001 LEVEL.
PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS, I'M ALWAYS HAPPY TO HELP OUT. HOPE YOU GUYS KILL IT OUT THERE! HAPPY HUNTING MY FRIENDS.