Dogeusdtlong
💥DOGEUSD LIKELY MOVE - PUMP TO $0.56 OR DIP TO $0.25Based on what we can see on the chart, we have a bullish pennant chart pattern in view. We also have price tested 3 credible support trendines and 2 resistance trendines.
Right now, we need a either a rejection on the trendline or a breakout to know the next move.
If price is unable to break the support trendline downward, we ride back to $0.56. But if price breaks this trendline downward, price will dip to $0.25.
Let's wait and see what happens.
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DOGEUSDT Technical AnalysisDOGEUSDT is almost at the end of the Bearish Flag and very close to a major Support. There might be a temporary Pullback at 0.278 and because it would be at the major support it is expected that the price may go higher to the upper band of the channel and in case of a breakout it will go up to 0.379 and eventually 0.473
Buy now or Buy at 0.278
SL @ 0.233
TP1 @ 0.379
TP2 @ 0.473
TP3 @ 0.583
Happy Trading :)
DOGEUSDT ANTICIPATION STRATEGYDoge made its first run up after a long while of being down. It's made several hit to go beyond the initial target but its getting rejected and its been pulled back to the support zones. In there .3725 remains our current support but if it looses the horizontal support, we'd see more downs to the dynamic support ranging from .32 - .35 then another run up to .5892.
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The moment of TruthIt seems clear Doge is following a couple of trends.
In the 1st case, the most bullish one will touch again around 0.24 and then go up.
About the 2nd scenario, it will probably reach 0.16 or a lower point like 0.08. Let's see.
I'm not a professional trader guys, so consider my idea but act with your mind.
Doge Update 8As mentioned in the previous chart (Update 7) , Doge has come out from the top of the resistance rectangle (red) . But still slips on the top of the midline support. I think it needs more energy to continue the uptrend. Still we have to stay and look at the upcoming happenings!
Not : Do your own analyze before any action!