DogeBTC bullish PennantHey all,
DogeBtC now is situated into a bullish pennant which can lead Doge for a massive breakout.This is a powerfull continuation pattern.You can entry on this trade ONLY after a succesfully breakout from this channel and a succesfully RETEST of the upper line.
The possible target is 1180 sats and 1600
Personally i will not enter in this trade because in my opinion Doge it s too overvalued and the BTC dominance when will increase doge will plummet hard
After a succesfully breakout i will short this coin ,keep your eyes on this coin.
If the breakout and retest will happen ,this coin will take the first target
Tehnically:
-The pennant is a bullish pattern
-Macd sell volume slowing down which is a bull signal
-stochastic bullish
-rsi situated into a falling wedge which is bullish
Bear signal
-BTCUSD Long positions it s too high(check my previous TA on BTC)
-BTC dominance RsI on weekly too low
Personal strategy:I m waiting the breakout and after i will short doge
DOGEBTC
Doge coin analysis Update (Go Long)Doge coin is in a long term rising channel.
it seems that the correction is fifnished, it brokes the short term falling channel and after retest it grow.
We also have good news, it is listed on Coinbase Pro exchange.
Look at the chart and buy it acording that.
Good luck.
DOGE going up due to COINBASE listing. Trade Carefully!DOGE is for sure going to go up due to this coinbase listing , also check out the MAC D its literally a perfect set up. These callouts would be my take profits.. I would probably sell at each one, wait for consolidation bottom , buy back in , reepeat, etc. for each take profit. There is going to be a lot of people taking profit from last pump though So trade this one carefully as there will be sale walls along the way. Goodluck! I personally wont touch DOGE , feel like it may be a distraction from SHIB? I just dont trust it... Doesnt mean it wont hit 1$ which I do believe it most definitely will. Just not a trade for me, More gains to be had in SHIB and its just starting, however if you love DOGE this is your time to shine. Just get out while you still can, that last Take profit at the top should be your EXIT noone should be "HODLING this thill it reaches 10$" lol I think that 1.38 or whatever at the top will be its VERY extreme top, then will deflate down to around 1$ and stay there. It should take one of these 3 paths to the top, (yellow lines) Good Luck everyone!
DOGE breakout, Try to catch on retestDOGE analysis
DOGE break the symmetric channel and is now coming to retest the trendline. Buy DOGE on the retest, there are no big fundamentals for DOGE but we all know ELON MUSK will tweet anytime about DOGE and it will pump 10-20% instantly. Although ELON MUSK hype is also fading away so manage risk accordingly. Stop loss is necessary for all trades.
Place orders near the retest zone that is $0.305-$0.308.
DOGE, Dogecoin - If it happens, I'll be happy🔥Dogecoin formed a clear triangle. I think if we drop quickly and break out the support level, after that, we go back to the triangle area and start squeezing to resistance, it will be a great pattern for buying. In this case, I'll be sure in a long position.
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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
Dogecoin (DOGE) - May 31Hello?
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(DOGEUSD 1W Chart)
Check the size of your trading volume.
(1D chart)
It remains to be seen if the 0.27303231-0.30697373 zone can find support and move up.
If it does not fall below the downtrend line, it is expected to rise.
If it falls from the 0.20514946 point, Stop Loss is required to preserve profit and loss.
If the 0.10332519-0.13726661 section is touched, we expect strong support.
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(DOGEBTC 1W chart)
(1D chart)
We will have to wait and see if we can go sideways in the 735 Satoshi-915 Satoshi section.
In particular, touch the 775 Satoshi point and watch for a sharp rise.
To convert into an uptrend, you must break out of the downtrend line.
As such, it remains to be seen if the 915 satoshi-975 satoshi section can get support.
If it falls in the 495 Satoshi-555 Satoshi section, Stop Loss is required to preserve profit and loss.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
DOGE sell the downtrend.DOGEUSDT - Intraday - We look to Sell at 0.3461 (stop at 0.3691)
Daily signals are mildly bearish.
Trend line resistance is located at 0.3450.
Preferred trade is to sell into rallies.
Trades with a bearish descending triangle formation.
Our outlook is bearish.
Our profit targets will be 0.2853 and 0.2611
Resistance: 0.3300 / 0.3500 / 0.3800
Support: 0.3000 / 0.2800 / 0.2500