Week chart is all you need for Doge trading now. Pure technical analisys inspired a little bit by Bitcoin. F*** all these ADA, EOS, NANO, ONT and especially the big old slowly bleeding ETH . F*** them all! =)
Just follow the support/resistance lines and buy/sell only there after confirmed rebounce. And remember - the more times the SR line is attacked the weaker it becomes. In BOTH directions!
I'm not a financial advisor. Trade on your own risk!
But if you won a fortune and want to thank me please use this BTC address - 19Fe6p9aSoEbwdiGAbkpGwZAMM7eXb5vzG
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At this moment DOGE is like Bitcoin last December. Nobody took it seriously or even heard of it but BOOOM and suddenly it becomes popular again (especially for short crypto memory). On 30 minutes chart it seems to be out of steem and should fall to 80-84 support zone. I'll be waiting for it there and will set take profit at 93 with trailing stop 3%. That should be enought to cacth the next stop at 104 if it gets there.
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That were easy 8% profit in 1 minute. But rebounce is still not confirmed. Waiting for volume to pump in.
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Second test of 83 support following BTC falling. ost probably will go down from here.
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Next target is 64... but in case Bitcoin will show some support it may bounce of 67-70 too. Keep on watching. This chart may bring gold. Or sorrow if you are too greedy or can't wait.
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Going up but still in a risk zone. I'm waiting...
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Possible testing of 93 again
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It went up, touched 92 and fell down to 80-83 support. Seems like its out of steem and falling to ~76 area. Depending on the "speed" of falling it will either bounce a little of fall through that support like a knife through the butter. Yesterday pump was very fast so the coin must go through consolidation before (IF) goind up again. I don't expect it going up so soon again.
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A small update on this amusing travel.
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Sorry. Sent previous unfinished comment accidently. So where was I. OK. The travel goes on. DOGE did not fall below main support at 60-64 area and bounce up back to 74, than down to 64 and up to 77. The last bounce was from 70 and ... if you look at BTC chart on parallel window, you would notice that they fall simultaneously. Therefore, I can assume DOGE could have raised further if not BTC move. The moment it bounced of 70 was the same moment BTC stopped falling. What is happening with BTC now hard to say but the amount of shorts is getting lower so we might expect it to continue moving in its up channel towards 8500. If so DOGE may continue its way to 78. It is just an idea. Trade on your own risk based on your own investigation.
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DOGE finally broke above 85. Now it will be support and the next target is ~93
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Hello DOGE lovers. If the dog gets over 100 its back in business again.
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DOGE was moving sideways for pretty long time and now it has a chance to start moving. Not yet clear which way, but the market is good so we can hope for a pump.
so whats the sale target now?
is it gona pump to 104 sats??
WiseAnalyze
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@mayanknitkkr359906, I do't think it will go up so soon. Should consolidate first. The progress it went through within one day was too big so it should kind of refuel. Target 104 is still possible but before that it must go down to ~76 area. I'm pretty sure about it unless Bitcoin goes above 7300 today. If it hits the target 7500 than everything is possible including second pump for DOGE.
mightytrader
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I bought for the first time just less than 30 minutes ago at 81. You don't understand, sir.... THIS IS GONNA PUMP MOAR!!! $$$$
WiseAnalyze
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@mightytrader, i would sell now at 85 and buy back at rebounce
mightytrader
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@Philosof, You're right! I'm getting greedy. If I miss the trade... oh well, at least I didn't lose money. ;)
WiseAnalyze
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@mightytrader, remember about the waves - there is always one up and one down. And if the last high is lowser than previouse its a worry sign. And BTC on a second screen is also important.
mightytrader
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@Philosof, Yeah, I sold the garbage at 84. I won't buy until around the 70 area. I'm well aware that BTC probably going to tank... But I think we can have an intermission for a little bit. ;) And if it goes down.... oh well!! =D =D =D It's not like I won't get another Social Security check next month! =D
WiseAnalyze
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@mightytrader, still might blow up. Remember the weekly chart ;) never know the future - still a game.
mightytrader
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@Philosof, Next time.. I will not comment or look at other's charts! My risk was defined: I bought at 81 and would abandon ship if it broke to 74... I bought near a fib. support and the 15-minute was trending up in the Ichimoku!! But I got too excited but your suggestion lingered in my mind... so I thougjt... "Well, I could have gotten a much better entry...." Now, you see!! It is PUMPING!!! argh!!! xD
Are you even trading on 15-minute? It was fine!! But I started looking at the 5 and that screwed me!!!
Oh là-là C'est la vie!!! JESUS FORGIVE ME FOR DOUBTING!!!!
mightytrader
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@nakov - Learn from me!!! I screwed myself by allowing a shorter timeframe to make my decision (5 min. v.s. 15 min.).
is it gona pump to 104 sats??