[DOGE/BTC] DOGECOIN TRYING TO MOVE UP AGAIN [ POT 20-80% PROFIT]
#DOGE / BTC ( Bittrex, Binance ... )
Buy Range : 61-63
Stop Loss : Daily close below 55
Short-term : 71
Target 1 : 81
Target 2 : 93
Target 3 : 102
WEEKLY CHART :
We can see how this coin its trying to find support on EMA20 to stay above it and its trying to setup a hammer bottoming candle.
If Doge can find support over this place , we will be looking for another leg up soon
DAILY CHART :
If we take a look on RSI , It already touched oversold position on 30 which suggest sellers are exhausted and bottom could be there.
Also, Stoch RSI is ready to explode on the upside if volume come behind. MACD ready to climb up too
MA200 is supporting DOGE and any breakdown would means invalidation on this pattern.
HOURLY CHART :
4H chart sharing bullish divergency on the RSI confirmed by upward movement.
Good hourly volume spotted, positive momentum could be extended
MACD , RSI and STOCH RSI seems a bit higher right now but daily/weekly chart suggesting more upside for this coin
CONCLUSION
I dont like much to trade any coin on weekend since lack of volume but this coin showing a good potential and it could be a good trade to make some profits. Remember that this weekly haven't closed yet and it would be important set your SL if this overview get fired between today-tomorrow
Good luck !
Buy Range : 61-63
Stop Loss : Daily close below 55
Short-term : 71
Target 1 : 81
Target 2 : 93
Target 3 : 102
WEEKLY CHART :
We can see how this coin its trying to find support on EMA20 to stay above it and its trying to setup a hammer bottoming candle.
If Doge can find support over this place , we will be looking for another leg up soon
DAILY CHART :
If we take a look on RSI , It already touched oversold position on 30 which suggest sellers are exhausted and bottom could be there.
Also, Stoch RSI is ready to explode on the upside if volume come behind. MACD ready to climb up too
MA200 is supporting DOGE and any breakdown would means invalidation on this pattern.
HOURLY CHART :
4H chart sharing bullish divergency on the RSI confirmed by upward movement.
Good hourly volume spotted, positive momentum could be extended
MACD , RSI and STOCH RSI seems a bit higher right now but daily/weekly chart suggesting more upside for this coin
CONCLUSION
I dont like much to trade any coin on weekend since lack of volume but this coin showing a good potential and it could be a good trade to make some profits. Remember that this weekly haven't closed yet and it would be important set your SL if this overview get fired between today-tomorrow
Good luck !
Trade closed: stop reached:
Stop loss triggered. Negative trade in there