Dogecoinanalysis
DOGE continuationKey technical support tested at .21$. Price is still above the solid run it made August 6th and burnt off a good percentage of selling pressure.
The RSI on the 4 hour chart looks bullish, but the daily chart is hard to tell. EMA cross indicates sell, but I wouldn't consider the red candlestick today a confirmation unless it closes under .25$
I personally have purchased more this dip.
None of this is financial advice, but I'll keep you posted on my trades.
Be sure to trade with stop losses.
Don't be afraid to collect profits and cut losses.
That being said, I'm a self-proclaimed hodlr and feel like that's where the money generally lies with doge.
Happy trading.
DOGE 4H , going up or down ?gotta wait and see what will happen . targets are shown on the chart . I added an image of 45min time frame , and as you can see , we have two MACD divergences , and both could be a sign of changing trend .we also have a bullish bat pattern so I expect it to rise . but still have to wait ... if it broke the top of the rectangle , I expect the green way . but if it broke out under the rectangle , the red way is expected.
Doge Consolidation or Sell-OffI placed arrows that are correlated with the RSI, Green represents the Oversold & Red represents the Overbought.
Where we are now is at an Oversold zone, which I do believe we may see a Bullish reversal to test .30 through the weekend with a consolidation above .25
Or we could see a Sell-off & create a Double or Triple Bottom like we've seen plenty of times from previous Oversold areas.
Doge crucial times We will see .24 as we head into the weekend but must watch to see if we break the .23 Support level, thennwe may be seeing a complete bearish reversal. If we are able too bounce off of .23 then retest & break through .24 getting into .25 then we'll be heading in the right direction.
DOGEFORECAST: Golden Cross + Trend Line BreakoutHere is a short term dogecoin analysis and dogeforecast.
Doge just broke the trend line with good bullish momentum. And there is also a golden cross of 55 and 99 EMA on daily timeframe. Last time it happened Doge ran a 225x. Not expected this time but doge can easily reach $0.7 in no time.
In the chart green lines are weekly support/resistances while red are daily ones.
#DOGEUSD#DOGEUSD
Although Dogecoin is rising again (together with the help of other cryptos: BTC and ETH) after touched the support level (3 times) at 0.1627.. , it seems now in a dischending channel and it will probably touch the support level at 0.2329.. before going up again. However, the other cryptos might drag Doge up.
Once touched support level at 0.2329.., Doge will probably face an important resistance level at 0.3602..
Let me know what do you think of this vision, and comment your thoughts below. Don't forget to leave a like. I appreciate it.
DOGE - only longs :)DOGE is defying gravity, pushing on the top of BB strategies and consistently beating resistances.
On the daily chart we look overbought, which makes me expect a correction in the near future, but with each leg upward, we gain more support.
If we break .3016 as BTC breaks it's 50K resistance, we will see a price explosion I think.
Buying volume averages on DOGE have nearly tripled from July since August 7th and leveraged positions have opened similarly.
If prices even only hold over the course of the next week, I think we could see a potential for 100% gains over the next month, if not sooner.
And if any new catalysts appear between now and then, we may see even greater increases, omitting any new legislation from the current administration or statements from people like Jack Dorsey. :P
The short term price movement for all coins has been solid and I'm expecting a small correction over the next day or two. On average, it looks like we're oversold on ETH, BTC, and DOGE, with the RSI in the 75 to 65% range on the daily charts, and after having a great bull run over the last 25 days. The MACD on the daily chart looks like we're possibly reaching a local top right now.
Doge looks awesome on daily & hourlyWith BTC finding some sort of support around 49-50k range, and Doge forming a bullish flag pattern on daily and hourly chart, it seems like doge can run up to test the resistance levels from about a week or two ago.
The daily chart we see 3 consecutive dogi candles and if you draw the same trend lines I have there, you will see that the latest candle on the daily is almost done breaking above .
These are my thoughts . Thanks