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Dogeanalysis

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. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
3
Doge Testing the Lower ResistanceAs you see here on the 30 min chart we are currently headed towards the .241 trending zone. What we will be looking for is if we are able to bounce off the resistance heading back towards the top of the wedge. If we do so we should hit the top trending zone which would lead to a retest of the wedge, depending what ensues we may break above .26 moving into the morning. If we fall below the trending zone (.241) we may hit .229 followed by a retest, this would be a very bearish sign moving into the morning. If you take a look at the RSI you see we have been in a wedge pattern since June 29th. This is a big time for Doge moving closer to the weekend as we usually have slow moving weekends. *Not Financial Advice
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
DOGE Optimal Buying Opportunity - ST After the HH, HL we almost broke the Bullish trend by breaking the Higher Low but we've hit a strong resistance here to stay in the Uptrend. I have identified the higher & lower resistance bands in this Uptrend, as you see we just reached the lower resistance which means we should see a solid push towards .30+ aswemove into next week. If we break through the lower resistance we may fall out of this Uptrend creating a sideways consolidation leaving up to the weekend keeping us around the .23 & above. I'll be playing swing trade here which I'll publish shortly after I post this. *Not Financial Advice
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
Big moment for Doge We broke the resistance we had going in the consolidation phase, now we've dipped below that & fighting to get back above it but I'm not sure we will. The RSI Indicates we have yet to cross the lower band, which to me still shows we may fall to the lower resistance in this Uptrend. Well ride that back up to this resistance we just broke then continue on our bull run, we may very well push through the resistance & continue on the Uptrend now. Only time will tell, overall I'm very Bullish. *Not Financial Advice
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
6
Doge too .32? 6.29.21 1724Here is the 30 min chart, I've labeled the Higher High (HH) as well as the Higher Low (HL) now we seem to be moving in a nice Uptrend over the past few days. What we need to look for next is to be able to continue this consolidation were in followed by a nice bull run towards .32 as we move closer to the end of the week. If we get a pullback towards the lower trending line, as long as we don't break below then we're still in the Uptrend. If we do break the lower trending line then we may have a Bearish reversal happening as we near the weekend. I am feeling very Bullish as the Crypto adoption has begun to pick up around the world. *Not Financial Advice
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
#Doge too .32 Swing Trade .002 6.29.21 Here is the 30 min chart, I've labeled the Higher High (HH) as well as the Higher Low (HL) now we see to be moving in a nice Uptrend over the past few days. What we need to look for next is to be able to continue this consolidation were in followed by a nice bull run towards .32 as we move closer to the end of the week. If we get a pullback towards the lower trend line we are still in this Bull trend until we break through that resistance. If we do break the lower trending like then we may have a Bearish reversal happening as we near the weekend. I am feeling very bullish as full Crypto adoption has begun to pick up around the world. *Not Financial Advice
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
#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
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
#Doge ready for the week aheadStarting from the left you see we were on a Bearish trend riding in the wedge pattern, then we gained momentum & broke out in a Bullish push. We currently hit .251 with a slight pullback, what we need to keep an eye on is how we play off the Moving Average (Blue line). If we fall below the MA we may hit .244 then get another push towards .251 since we are in a Bullish trend. If you take a look at the RSI you can see spot the Bullish trend, which we just broke through the top which is a strong indicator we will see the pullback too .244 which may turn into our first Low of the new Bullish trend. Once we hit .244, if we begin pushing up towards the .251 resistance don't be surprised if we push straight through that resistance which would create a Higher High. *Not Financial Advice
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
#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
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
#Doge headed too .30?We just had a pullback which we were all prepared for & we hit my .27 mark. I put a Pink line from the top of the last red candlestick, the reason I did this is because if the next candle is green and closes above the red candle it still means we are headed in a uptrend. Also to confirm that as of now is we created a Higher Low as I Indicated with the Green circles. We are also riding right on the .618 line which may also indicate we will see a push towards .30 or we may hit the .29 resistance and consolidate between .29 & .27 *NFA
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
#Doge watching the RSIHere is a 4hr chart showing the 20 MA (Blue) as well as the 100 MA (Pink) once these moving averages cross we will be in for a wild bullish ride. But for now I am paying close attention to the RSI indicator, as you already know we've been on a Bearish trend since May 10th & I drew placed a Yellow line indicating the bear trend. The Pink box indicates the area that we need to pay close attention too, if we are able to cross over the Yellow line of resistance we will be right back in a Bull Trend. If we hit the line of resistance we may also see a pullback to .24 which is a good thing in my opinion. Time to re-analyze the chart & pay attention for a solid Buying opportunity. *Not Financial Advice
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
2
Wouldn't be surprised if #Doge hit .30 before moriningJust look how beautiful this 1 hr chart it. As you can see we are very much still in a strong Bullish trend as we've been riding this momentum all day long. Indicated by the Bollinger Bands we've been riding above the middle band since June 22nd 9 o'clock pm Eastern time. What we will look for next is a consolidation phase around .27, or we could very well see a pullback too .24 which I believe to be our new floor. If we continue this amazing bull run we may bounce off of .27 & head straight for .30 moving into the morning of Friday June 25th. *Not Financial Advice
BITTREX:DOGEUSDLong
by Kyle_Kinnaird
DOGEUSD(4 HR) : DOGE continues to slowly recover from the lossMarket in the last 24hrs DOGEUSD saw a slightly bullish trend in the last 24 hours with price nearing the upper Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis Price has reached the upper Bollinger band which usually act as a strong resistance line. If the price accepts the upper band as a resistance line then we can see the price move with bearish momentum. There is a chance that the price rejects the resistance line then we might see a continuation of the current bullish trend. Price volatility was very high at approximately 10.53%, with the day's range between $0.216— $0.248. Price at the time of publishing: $0.248 DOGE’s market cap: $31 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 6 are giving SELL signal, 1 is giving neutral and 8 are giving a BUY signal. Traded volume has remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSD
by Mudrex
6