DOGE Sell the breakdown.DOGEUSD - Intraday - We look to Sell a break of 0.2248 (stop at 0.2333)
Daily signals are bearish.
We are trading close to the end of a descending Ending Wedge Formation.
The bias is to break to the downside.
Rallies continue to attract sellers.
Our profit targets will be 0.2001 and 0.1968
Resistance: 0.2400 / 0.2500 / 0.2550
Support: 0.2300 / 0.2150 / 0.2000
Dogeforecast
DOGE Sell a triangle break.DOGEUSD - Intraday - We look to Sell a break of 0.2248 (stop at 0.2333)
Trades with a bearish descending triangle formation.
The bias is to break to the downside.
A bullish reverse Head and Shoulders has formed.
The previous swing low is located at 0.2260.
A break of 0.2250 is needed to confirm follow through negative momentum.
Daily pivot is at 0.2260.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 0.2001 and 0.1948
Resistance: 0.2400 / 0.2530 / 0.2600
Support: 0.2300 / 0.2150 / 0.2000
How DOGE likes to pump DOGEUSDIdea for DOGE includes a few wedge patterns mostly falling
Each breakout of these patterns has led to massive rises in price
I expect a large pump through 1.618 after this current period of consolidation (falling wedge)
~500% or more
DOGE sell the breakdown.DOGEUSD - Intraday - We look to Sell a break of 0.2269 (stop at 0.2381)
Daily signals are bearish.
Trades with a bearish descending triangle formation.
The bias is to break to the downside.
The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment.
A break of bespoke support at 0.2300, and the move lower is already underway.
Our outlook is bearish.
Our profit targets will be 0.1954 and 0.1904
Resistance: 0.2550 / 0.2700 / 0.2900
Support: 0.2400 / 0.2300 / 0.2150
If the price breaks this wedge, the doge could fly away!🤑🚀After a recent attempt to update its local high, the Dogecoin has corrected by 13%, now Dogecoin locally formed a wedge pattern. If the price continues to trade in it and presses to the upper boundary, the wedge may be broken and the price will go up. The best entry point into the position may be in the event of a squeeze, a breakout, and a test as support for the upper boundary of the wedge.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DOGE Buy the uptrend.DOGEUSDT - Intraday - We look to Buy at 0.2512 (stop at 0.2388)
20 4hour EMA is at 0.2500.
50 4hour EMA is at 0.2520.
Trend line support is located at 0.2500.
We look to buy dips.
Pivot resistance is at 0.2900.
Offers ample risk/reward to buy at the market.
Our profit targets will be 0.2871 and 0.2931
Resistance: 0.2600 / 0.2700 / 0.2900
Support: 0.2500 / 0.2400 / 0.2300
Doge finally falls in line with other crypto after Elon.I am not a legal financial advisor or consultant, everything shown here is strictly for learning purposes and is of my own opinion. Please do your own research and due diligence and never take any one persons words as 100% truth. Elon, wtf man. Elon is a walking talking market manipulating machine, but please SEC, continue to investigate WSB. Anyways after Elon screwed Doge's sector rotation, an amazing feat to be sure. Doge has finally fallen in line with other crypto. I still pull small gains from doge when I can but just like BTC, doge has lost a lot off the top and there is still good downside risk to it. Just be careful ok, volatility in crypto is off the charts.
#Doge looking to create a Higher HighUp too this point we created a Higher High as well as a Higher Low which is a very strong indication that were on a Bullish trend.
I laid out a possible spike identical to the previous Higher High we just had, this would put us right around .35 moving into Monday morning. If we get a pullback through the night we may find our way down too .24 which is our new floor so this means we need to stay cautious as we move into the new week.
* Not Financial Advice
#Doge Dragon ?Created a nice Bull Pennant on the 15 min chart, may see a nice push through the .251 resistance! If we are able to do so, we may pass straight through it followed by a slight pullback creating a Higher Low, then see another Bull push which would create a Higher High.
Still a chance to have a pullback too .244 from this wedge pattern, I will keep you posted.
Exciting time for the Doge Community.
*Not Financial Advice
DOGE market updateHello, Traders!
DOGE ended its uptrend and lost 77% of its highs in value.
The market is under selling pressure, with DOGE also under selling pressure. Buyers hold $0.177 as a strong support level.
Those who believe in the "DOGE Power" and want to earn in case of its growth should hoard position in parts.
The first part can be taken in the range of $0.177 - $0.220.
The second, in case of further decrease in the range of $0.115 - $0.145.
Target price levels would be
$0,32
$0,40
$0,54
$0,70
The stop-loss order will depend on your risk management and the amount of money you allocate to a trade.
All risks need to be considered, and you should not open a trade with more than 10-15% of your trading deposit. It is always important to follow the basics of risk management.
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice
#Doge Reversal?Here I have drawn out the Bearish trend indicated by the Lower Highs & the Lower Lows.
We currently have a slight push moving back upwards but this does not mean we are in the clear yet. We still have a strong possibility to drop too .225 & continue this Bearish trend.
We could see a push out of this trend & hit the .247 resistance followed by a retest too .236, what follows that will be a strong indicator of where we are headed next.
If we get a retest & continue to fall too .225 then we are still Bearish, but if we are able to retest & move too .25 we may be in a Bullish trend moving through the night. Which would be a solid indication of a Buying opportunity for a Swing Trade.
*Not Financial Advice