Dogecoinusdt
DOGECOIN (DOGEUSDT) Head & Shoulders, Potential Support @ $0.15Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
After a huge run-up that have made millionaires and caused many bankruptcies, DOGECOIN seems to be forming a head and shoulders pattern on the daily timeframe, with price hugging the neckline. Should this neckline break, Dogecoin could likely go into free fall. The first potential level of support could be at $0.15-20 , and if that fails to hold, then dogecoin will likely trend towards zero, where it was before this whole pump cycle occurred. Be cautious.
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DogeCoin is ready to go higher due to its support at 💲0.30 ↗️DogeCoin is ready to go higher due to its support at 💲0.30 ↗️ and some internal news says that Elon Musk also tweet about doge in some days 🤯 .
The main point is that The German taxy accept dogecoin as payment 🚀 so this month means in June it will go 💲1 or higher.
Dogecoin to The Moon
Doge Short or LongFirst of All I want to say that you have to keep critical. Don't take my analysis too serious. Be critical and make your own decision.
Dogecoin is a popular Meme coin that has backers like Elon Musk and other famous people. Recently, it got added to Coinbase. Coinbase added it to its Pro function. This has caused a significantly increase and with Elon's tweet finishing it.
Now for this chart I have used the Elliot Wave technique. Wave 3 has extended to 1.618 of Wave 1 which it had 45%. I don't see any reverse yet on a 4 hour chart. On a one hour chart there is, but only in values of 3 USDT.
If Wave 3 gets longer than 1.618 and reach 2.618 (which it has a chance of 8%), Wave four will consolidate to 0,38 cent which it has a chance of 60%.
If Wave 3 does not get higher than 1.618, Wave 4 has a 60% chance of consolidating to 36 cent.
But once again, just like we have seen in the past. This cryptocurrency is very independent of Elon Musk. If he times his tweets right, he can cause another increase and this chart can go into the trash can. Also, Coinbase will be adding Doge to it's mobile's app. So keep an eye on that
DOGE analysisDogecoin is heading toward $0.59 at which will face stiff resistance. If the price turns down from $0.59, the possibility of a break below the 20-day EMA increases. If that happens, the DOGE/USDT pair could drop to the critical support at $0.35. But if the bulls drive the price above $0.59, the pair may retest the all-time high at $0.73.
DOGECOIN Can It Rallies Again ? 🚀🚀🚀💡 Trade Idea
📈 DOGE/USDT Buy Market Order @ 0.52728
🎯 Target Profit 0.61139
🛑 Stop Loss 0.48579
❌ Do not risk more than 1% of your account on each trade
🙂 Good Luck!
Description:
The pair is trading inside a wedge formation where it managed to break to the upside. The price posted higher highs and lows by breaking the daily resistance around the 0.51722 USDT Mark. Now, the market is above this level where we expect further upside movement to the target profit.
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DOGE CUP AND HANDLE?This chart covers the perspective of long term trading including the SNL SPIKE & FALL. From what I am seeing here there is a massive cup and handle forming at this point in time with the Bullish handle forming on the 15 minute plus candles. I personally believe we are about to get BULLISH AF moving forward.
As I am sure you are aware "Barry Silbert" has begun shorting Doge starting the day of SNL DOGE. This caused a massive downtrend in DOGE and I DO NOT DOUBT HE BOUGHT BACK IN AT A LOWER COST FOR CONTROL. From here moving forward traders of DOGE need to work together without coordinated events to avoid short attacks. SHORTS ATTACK EVENTS.......
What are your thoughts on what we are seeing here? Is this a bullish cup and handle or am I up in the night?
Hype almost overProviding no real value to the payments world, no real value to the real world, this casino-roulette-hyped joke should come back to 0.10 any day now.
0.10 for Dogecoin is anyway..a huuuuuuuge price.
maybe 1$ first before crash, but the crash is coming.
As usual, just when everything seems to be going well, for example the etoro listing, all the hype with Elon Musk to SNL, just when you think you'll reach the sky, that's when everything comes back to normal.
not financial advise. the only advise is "don't be the one holding the bag"