UnknownUnicorn26716819

UnknownUnicorn26716819

A key Area which looks to be acting as support happens to have the support of EMA100 which is usually respectable in DOGE chart as well as breakout from a triangle and the pullback, plus RSI is hitting the bottom of its channel as well as ichimoku cloud structure makes the current price a good spot to enter a long position.

UnknownUnicorn26716819

Based on my analysis on Daily timeframe as we can see the price is ranging at a strong support key area which has acted as both support and resistance previously, what makes it more interesting is having EMA200's support at this area as well, and even more interestingly based on Fibonacci retracement this area happens to be at 0.618 (Golden Number) which makes...

UnknownUnicorn26716819

After a breakout from a falling wedge and creating a new channel we can expect a pullback to around 45K which happens to be where EMA100 will be acting as support too and from there see a bullish movement. As we can see the RSI has had a breakout as well so we can expect for a small breakout then see a strong bullish movement probably up to 50-51K.

UnknownUnicorn26716819

The direction I'm assuming bitcoin is moving! All in the chart

UnknownUnicorn26716819

Everything is obvious on the chart, lemme know what you think in the comments!

UnknownUnicorn26716819

A possible bearish breakout is likely to happen but we have the EMA100 along with a previous key area as support together which makes the bullish breakout possible as well, let's wait and see how the channel responds to price momentum, I think it's gonna be more likely a bearish breakout. you can check on it and after breaking the upper channel trendline take a...

UnknownUnicorn26716819

Looks like a symmetrical triangle has formed in 4H timeframe and a breakout is expected soon, based on the price losing momentum I guess most likely the scenario is gonna be a bearish breakout, on the other hand EMA50 is standing right on top of bottom trendline making a bullish move possible as well. I am gonna wait and see what happens and with what volume, then...

UnknownUnicorn26716819

Looks like a symmetrical triangle has formed in 4H timeframe and a breakout is expected soon, based on the price losing momentum I guess most likely the scenario is gonna be a bearish breakout, on the other hand EMA50 is standing right on top of bottom trendline making a bullish move possible as well.

UnknownUnicorn26716819

After quite some time dipping, now dominance has reached to a major support and seems like at least the short term trend has changed, the chart is as clear as it gets, all details in!

UnknownUnicorn26716819

Cardano has risen quite some and as the price is losing momentum and there is obvious divergence in RSI, getting lower highs as well as price hitting the very top of it's channel, it's very likely that correction is starting and price is gonna retest it's previous resistance and current support which happens to be the same level as FIB 0.5 as well as EMA50 making...

UnknownUnicorn26716819

As you can see in the chart we have reached to a key area which has acted as support and resistance multiple times in both daily and weekly timeframe , having a look at price action in shorter timeframes we see price losing momentum, as well as obvious divergence in RSI which is giving us lower highs, plus we are getiing lower highs which draws a rising wedge...

UnknownUnicorn26716819

As you can see in the chart we have reached to a key area which has acted as support and resistance multiple times in both daily and weekly timeframe , having a look at price action we see price losing momentum, as well as obvious divergence in RSI which is giving us lower highs, plus there is this rising wedge giving us a signal of bearish breakout happening...

UnknownUnicorn26716819

As you can see in the chart we have reached to a key area which has acted as support and resistance multiple times in both daily and weekly timeframe , having a look at price action in lower timeframes we see the price losing momentum, as well as obvious divergence in RSI which is giving us lower highs. Other than the reasons above the price is almost hitting top...

UnknownUnicorn26716819

As you can see in the chart we have reached to a key area which has acted as support and resistance multiple times in both daily and weekly timeframe, having a look at price action we see price losing momentum, as well as obvious divergence in RSI which is giving us lower highs, plus there is this rising wedge giving us a signal of bearish breakout happening...