Doge Friday Uptrend?On the 1hr chart we've been in a wedge pattern just under the 200 EMA. We may see a slight pullback towards a resistance line & see a nice uptrend as we move through Friday afternoon.
Or we could break below this resistance followed by a retest then a large pullback. We may be in for a long Consolidation as we ride through the weekend.
Dogecoinanalysis
Doge setting up for a Green weekOn the hr chart you see we just broke the previous downtrend with a nice retest, now we just had a nice push through this resistance with a nice pullback unfolding.
Once we hit the resistance I do believe we will jump off then cross over the 200 EMA followed by a nice Bullish trend moving into next week.
If we have a large pullback that falls below this resistance we may see a Consolidation Phase into next week.
Doge 3 Phase ConsolidationOn the 1 hr chart I broke down the 3 Phases we are going through which will lead us into an overall Consolidation from July 27th running into August.
I believe we will run along the 200 EMA moving into August, then we may see a Pullback dropping below the EMA before we get into the Bull run.
Here we go boys!!!I've been watching Dogecoin very closely since its abnormal spiking at the beginning of this year, as well as Bitcoin and the rest of the coins. I noticed how Dogecoin has been pretty much following Bitcoin from 2010 after it rose to $0.08 at the beginning of the year. I said it would go to ~$0.40 about halfway through April using this, and perhaps a little higher for extrapolative reasons, two and a half months before it did so; quite mind blowing if I may say so, especially while watching it happen, and now we enter the time zone for $1 or higher!
Dogecoin resists to fight and falls back? Hi Folks,
This is the price of Dogecoin after the tweet of Elon Musk on Twitter. Has his manipulation of prices stopped working???
Well definitely you don't want to see prices fight resistance like Doge is doing now. Small candles, small bodies and long wicks. that says indecision. Market has lost direction. So it can go either way.
But if you look closely, 4 hour chart, you see the resistance line has been tested 4 times earlier BLUE FLAGS and has got rejected 4 times earlier.
So what does this tell you about the psychology of the market??? Do the math!.
It still can go either way but the chart tell us that the chance of going downwards is greater than going up.
But hey we only need one trader some where In the world that push prices higher in an instant.
What do you think gonna happen ???
Leave a comment below and like if you like the idea and the way I view the charts..
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Something Special is Coming for DOGEFirst ever touch on the 200MA
50MA touches were disgustingly bullish
Will it have the same effect on the 200MA ?
I believe so.
% ?
Chart above also emphasizes the bullish possibility
DON'T BUY DOGECOIN!!Hi Folks,
Don't buy in to Dogecoin purely on the Technicals....
When looking at a daily candlestick chart you see a Bullish Engulfing pattern. That is bullish and nice. But that is representation bias....
When you scroll down in to the 4 hour candlestick chart we see divergence.....
We see a Bearish Engulfing pattern and the candles after the Bearish Engulfing are High Wave candles.. Telling us the market has lost direction and the price is losing momentum.
The volume is declining.
WHAT TO DO KNOW?
Wait. as hard as it can be. just wait for the bulls to prove that they are in control and take over price. price must close around $0.22000/$0.22500.-
But I expect decline to the underneath given prices..
And Dogecoin will have my interest around these levels to buy in..
High probability price will move back to 1st support level around $0.17500/$0.18000.-
If it doesn't hold it probably move back to $0.16500/$0.17000.-
And if that level doesn't hold it probably will move back to $0.15500/$0.16000.-
Testing support at that level again.
Doge Pump Not Done Yet?Here on the 1 hr chart you see we've been on a nice run since the morning of July 20th leading up to The B Word talk.
Looking at the Fib Retracement we see that we touched the Golden line of .618 (.186 price) as well as hit the middle band in the Bollinger Bands, this is typically a strong indication of another Bullish trend. I wouldn't be surprised if we even fell back too .786 line (.178 price) then begin our next Uptrend.
If we do fall too .168 price we may see a Bearish reversal & consolidate around that price moving into Thursday July 22nd.
Still need to monitor BTC moving forward.
DOGECOIN USDDoge has hit a Strong Support Area of 16c.
Backdating data from Previous High of 44c, we notice bearish movement - resistance.
Pattern : Symmetrical Triangle
Current Price : 18c
Future Targets : 24c | 30c | 37c | TP: 44C
- Share your opinion in the comments below and support the idea.
Thank you for the support.
Doge Possible Bullish Divergence Regular Bullish Divergence formed on the daily timeframe indicating a possible trend reversal, However personally I think due to low volume and the strong selling pressure as well as bitcoin, an upwards movement from here is unlikely.
Maybe by a huge sell off and a spike in volume we see price going up.
DOGEUSD 4h LONG/BULLISH - BOTTOM REACHED!DOGEUSD 4h LONG/BULLISH - BOTTOM REACHED! - I personally just entered a LONG position on DOGEUSDT after a long time only shorting, I believe that there is a strong possibility that we just changed trends on the 4 hourly TF, on the daily we are ranging, we weree in a downtrend on the Daily and 4 hourly TF with our Fibonacci Extension target being hit on BOTH right now and i see strong support which gives me the idea that we changed trends. If this is true I will be updating our targets! THIS IS AN IDEA, DO YOUR OWN RESEARCH BEFORE ENTERING TRADES!
💥DOGE IN A CRITICAL ZONE - WHAT NEXT?🤔Please support this idea with a LIKE👍 if you find it useful🥳
Dogecoin currently trading at $0.173 is in a very critical/tight zone indifferent of whether to breakout upward or downward.
An upward breakout from the triangle would pump doge to $0.27, $0.43 and $0.50.
But a downward breakout would dip doge below the current price.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗