Dogecoinanalysis
Doge- it can soon break under 0.3Like a lot of the coins, also Doge is on a downtrend.
The recent rise in Bitcoin translated into sone anemics rallies for this coin which reinforce my bearish outlook.
I expect a break under 0.3 soon and 0.2 zone is my target.
Doge above 0.35 would negate this scenario
#DOGE to .33As you see here, this is a solid Buying Opportunity for a Swing Trade. We just touched the bottom band in the Bollinger Band Indicator, which as you see it leads too a bull push.
If we get a green engulfing candlestick, followed by another this may play out very well. Let's pay attention to when we hit the middle band because we may head back down to where we are now or continue moving towards .33!
*This is not Financial Advice, I am not a Financial Advisor.
💥DOGEUSD LIKELY MOVE - PUMP TO $0.56 OR DIP TO $0.25Based on what we can see on the chart, we have a bullish pennant chart pattern in view. We also have price tested 3 credible support trendines and 2 resistance trendines.
Right now, we need a either a rejection on the trendline or a breakout to know the next move.
If price is unable to break the support trendline downward, we ride back to $0.56. But if price breaks this trendline downward, price will dip to $0.25.
Let's wait and see what happens.
What do you think?
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Dogecoin - 4h Chart - Long ScenarioLooking to take a long if price should move as drawn (green arrow)
1. Price goes above Resistance level (green line)
2. Buying on a retest of the green line
3. Wont close unless Trendline (orange) or green line get broken and a lower low created
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
Channel of Hope - DOGEWe are still within the upward trend and in the channel of hope.
Nearing the edge of the bottom, which has strong support.
I will not mention that we shall not pass the 0.30 range to confirm H&S neckline (chart may not say this now, but the short trend is as such). Instead the chart I see currently is upward with downward pressure from whales. It is quite apparent from today's movement that it was inspired, as every time such as this, the price equalizes and starts to slowly rise (retail buyers). The bears/shorts want the price lower. To some degree, I cannot complain because this means cheaper prices. Also, keep in mind most crypto is down today.
Today, I see a long position forming and I am publishing as such. Rise above 0.385, confirmation at .042 for trend and maintain above 0.45 to reach .56.
Remove emotion and stick to your investing strategy. Use the chart and logic to guide you. Set alerts and SL, and please remember to take profits.
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Please do your own research & DD as I am not your financial advisor.