Dogecoinanalysis
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
Doge Uptrend setIt appears we have created another Uptrend, next we may continue to slide down towards the lower resistance which should shoot us back up towards .30+ moving into mid Friday.
As we head into the weekend we'll need to re-asses the next pattern, which could be another healthy pullback towards the .305 support then another Bull run heading into next week.
DOGE Flag Setup Targeting HigherHey on this week Doge facing nice rally showing +10% move since Monday.
This flag pretty big even from Daily timeframe it is looking huge. Will see how it will play out. Looking for the targets at 0.5 Fib level at $0.347 and 0.618 Fib $0.416
Entry set better near 0.382 $0.290 level.
Falling below 0.25 may invalidate this setup and better cut losses from mid-term trade.
Best profits
Artem Shevelev
Doge Double BottomThe RSI Indicates we've created a Double Bottom which should get us up above .29 & may even test .30 heading through the night into Tuesday morning.
I've labeled 2 potential patterns that may unfold moving through next week. We may pass .29 test .30 then fall below the support at .28 then continue downwards in this bearish trend.
Or we could break through the .30 resistance with a retest & continue moving through the .30's creating a new Bullish trend.
Doge eyeing a .26 resistance for a ReversalWe have been on a healthy pullback which has created a solid buying opportunity to Avg. down or continue to stack your bags.
We're currently nearing a strong resistance at .26 which if you take a look at the RSI is also indicating we are Oversold. Typically when we meet a resistance & the RSI indicates an Oversold asset it leads to a reversal. Heading into the weekend we could be headed back up towards .28
Say we cross over the .26 resistance our next resistance would be .24 but it isn't very strong, so hoping we don't fall to that price. If we do, we would see a consolidation phase breakout as we head into the weekend around .24 - .26.