Dogecoinanalysis
Doge eyeing a .26 resistance for a ReversalWe have been on a healthy pullback which has created a solid buying opportunity to Avg. down or continue to stack your bags.
We're currently nearing a strong resistance at .26 which if you take a look at the RSI is also indicating we are Oversold. Typically when we meet a resistance & the RSI indicates an Oversold asset it leads to a reversal. Heading into the weekend we could be headed back up towards .28
Say we cross over the .26 resistance our next resistance would be .24 but it isn't very strong, so hoping we don't fall to that price. If we do, we would see a consolidation phase breakout as we head into the weekend around .24 - .26.
Doge needs to get above the 50 EMA If we're able to get above the 50 EMA that's a strong indication of a Uptrend fixing to happen, so if we get above it & the Volume pick up we should see a big push above the upper trend line rolling into Thursday morning.
If we hit the 50 EMA we could see a rejection & continue to call into a Consolidation phase sticking around .27 heading into Friday.
Doge critical Tuesday Night RunWe may have just witnessed a Fake-out, looking to get rid of the paper hands before the next leg up. We are currently still in this Bullish Pennant & may begin our next swing upwards through Tuesday Night & into Wednesday morning.
If we are able to bust through the top of the pennant, this may be the beginning to a big Bull run surging through .36+ heading into next week.
On the other hand this very well could be a large sell-off coming which would throw us down to the .26 - .28 range where we would consolidate heading into the weekend.
Does doge coin makes any correction soon?according to my last post about bitcoin correction i should say that if btc going to make any correction alt coins will correct after that so if the correction movement happens then i expect the blue zone for doge coin to buy again.
"not suggested to buy or sell"
DOGE to 0.45$1. The price follows the bitcoin dump .
2. In the coming hours I expect flat market with further continuation of the correction to the lower boundary of the triangle.
3. I expect a drop to 0.25$-0.27$ . At that level price will face strong resistance of large limit orders. From this range (0.25$-0.27$) an active buyer will appear .
4. Further i expect a quick pump to the upper triangle boundary with its breakdown.
5. After the triangle breakdown i expect growth to 0.5 Fibonacci level as a strong level of resistance.
Doge ready for a Wednesday swing We've continued in this wedge pattern for a few days now & seem to be ready for a new pattern tomorrow, Wednesday the 25th.
We've got 2 strong resistance lines below us which are .26 & .28, so if we do fall below this wedge those are the 2 prices we should keep an eye on for buying opportunities heading forward. We could consolidate between the two moving into late Wed. early Thursday morning then looking for where we would be heading next nearing the weekend.
If we jump above this wedge we'll see a retest followed by a jump towards .36+ nearing the end of Wednesday evening nearing Thursday morning. This could be a big week if we're able to continue on this Uptrend as we near the weekend for all of Crypto.
DOGE Wait for the level from which the price can do +60% or -30%Here is the analysis of DOGEUSDT trading pair, which was voted for in the "Bitcoin Weekend #17" idea
By the way, in "Bitcoin Weekend #17" we wrote that when the value of BTCUSDT starts to enter the liquidity zones of $48000-50900 and $50900-54200 you should be extremely careful with your positions, because the trend can reverse.
Keeping these facts in mind, let's analyze the DOGEUSD.
Let's start with the fact that our previous idea, the DOGEUSDT, is little more than a month old, and it worked perfectly and accurately at almost x2 growth.
Now let's look at the chart of the DOGEUSDT pair more globally.
As you can see, the price of DOGE has been consolidating between two levels: $0.34 at the top and $0.29 at the bottom for the last week.
In the current realities, we assume that the price of DOGE may go down one more time to see if the buyers are really ready to aggressively pull back from the level of $0.28888. If that happens, and we see strong buying volumes, that's a sure long. Also, a breakout and fixation of the price above $0.34 is also a strong long buy. For both situations, upper target is around $0.444-0.464.
If the price fixes lower than $0.2888 , it will not bring anything good for the deposit, except the possible drawdown of -30%.
So be flexible and maneuverable and keep your hand on the pulse of the market. Watch the behavior of the price DOGEUSDT around the level of $0.2888 and trade behind the trend and there will be happiness to your deposit and you)
_____________________
Do you like the idea fulfilment? Does it help you trade and make a profit?
Do you want more forecasts from us?
Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
BULLISH TRIANGLE - DOGECOIN TO $0.40 IN THE NEXT DAYS As you can see here, Dogecoin is forming a new bullish triangle in the 4H chart which will result in a growth to at least 40 cents. We can also see a contraction of the momentum one the MACD which indicates us a big movement is coming soon.
Bitcoin is bullish, one more reason to believe dogecoin is going up and slowly recover from its last correction
Doge to .28 or .40 Tuesday night into WednesdayAs you see here we've been riding along this Uptrend resistance very nicely. We created a Triple Bottom but ended up consolidating a bit heading towards to the trend line, now that we are here the 2 things we need to look for is a cross over or Touch & Go.
If we do fall below the trend line we may see .28 again followed by a Consolidation phase heading into Wednesday afternoon, which would be a solid time to accumulate. Say we do a Tough & Go off the trend line we might get a nice push to test .40 early Wednesday morning.
Investigate the dogecoin Probabilities
If we have a brief look, we can mention the ascent, because after two months, it has suffered an ascending slope.
But the worry is that there are so many pressures and resistances that need to be broken
The 0.37 range seems to be very tight and the 0.45 range is another barrier to climb, in which relatively large traders may take action. If the resistance overcomes the support, one should expect a return. Let's be.
Doge Falling Wedge into Tuesday morningAs you see here we've created a nice falling wedge pattern along with a Triple Bottom on the chart as well as the RSI Indicator. If we get a push through the top of this wedge we will see a slight retest then a Uptrend to approach .35 again.
If we do break through the top & on the retest continue to have a sell-off we may continue to fall down to .29 resistance & have a consolidation phase through tomorrow.