Dogecoinanalysis
Doge Important Update I believe we may see a large pullback too .15 as we approach October.
I analyze the S&P 500 chart from time to time & we have just hit the top resistance in the uptrend we've been in since Feb 10th. We may see a large pullback of about 30% which will also have an effect on Bitcoin, with that being said we all know that Bitcoin controls the Crypto Market so we will all follow.
There is still a chance for us to consolidate, but I wanted to give you all a heads up as we move forward. This does not mean we are going to zero, it just means we may see a healthy pullback before the Q4 bull run.
I do hope it doesn't pan out this way, but wanted to give you both sides of the coin.
#DOGEUSD Two possible scenario#DOGEUSD
At this point two possible scenario can happen for #Dogecoin:
1-the price continuous to bounce on the support level (red line)
2- the price follow the discending channel (the small one)
Let me know what you think and follow me for more ideas.
Please, read well what I publish. My are just ideas, not the truth on Hearth
DOGE continuationKey technical support tested at .21$. Price is still above the solid run it made August 6th and burnt off a good percentage of selling pressure.
The RSI on the 4 hour chart looks bullish, but the daily chart is hard to tell. EMA cross indicates sell, but I wouldn't consider the red candlestick today a confirmation unless it closes under .25$
I personally have purchased more this dip.
None of this is financial advice, but I'll keep you posted on my trades.
Be sure to trade with stop losses.
Don't be afraid to collect profits and cut losses.
That being said, I'm a self-proclaimed hodlr and feel like that's where the money generally lies with doge.
Happy trading.
DOGE 4H , going up or down ?gotta wait and see what will happen . targets are shown on the chart . I added an image of 45min time frame , and as you can see , we have two MACD divergences , and both could be a sign of changing trend .we also have a bullish bat pattern so I expect it to rise . but still have to wait ... if it broke the top of the rectangle , I expect the green way . but if it broke out under the rectangle , the red way is expected.
Doge Consolidation or Sell-OffI placed arrows that are correlated with the RSI, Green represents the Oversold & Red represents the Overbought.
Where we are now is at an Oversold zone, which I do believe we may see a Bullish reversal to test .30 through the weekend with a consolidation above .25
Or we could see a Sell-off & create a Double or Triple Bottom like we've seen plenty of times from previous Oversold areas.
Doge crucial times We will see .24 as we head into the weekend but must watch to see if we break the .23 Support level, thennwe may be seeing a complete bearish reversal. If we are able too bounce off of .23 then retest & break through .24 getting into .25 then we'll be heading in the right direction.