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Dogecoin (DOGE) - September 22

POLONIEX:DOGEUSD   Dogecoin
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(DOGEUSD 1W Chart)
It is necessary to check if there is support in the 0.16991897-0.20084088 section and an upward movement above the 0.23923275 point.

Above the 0.25437029 point is the high point, so if the price is maintained above this point, it is expected to create a new wave.


Since the support section is weak due to a sharp rise, if it declines from the 0.16991897 point, it may drop near the 0.06797120 point, so you need to trade cautiously.


From a mid- to long-term perspective, if the price maintains above the 0.06797120 point, we expect the uptrend to continue.


(1D chart)
While maintaining the price in the 0.16092054-0.21406041 zone, we expect the price to move out of the downtrend line before turning into an uptrend.

Therefore, the price should rise above the 0.25437029 point to maintain the price.

The 0.37730207 point is becoming an important support and resistance point during the surge.

Therefore, if it does not rise above the 0.32034017-0.37730207 section within a short period of time, it is highly likely that it will turn into a downtrend and enter the mid- to long-term investment area.


If you look at the OBV in the volume indicator, you can see that the volume has been declining sharply since May 12th.

It seems that these trading volumes are becoming increasingly alienated from the market.

However, if it continues to find support above the 0.16092054 point, it will create a new wave with a new buying trend after a sharp rise.

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(DOGEBTC 1W chart)
With the decline from the 574 satoshi point, the likelihood of a decline near the 260 satoshi point is increasing.

However, we need to see if we can move up near the 472 Satoshi, which was the previous low.

Since the support section is weak due to a sharp rise, it is always necessary to trade cautiously.

It is important to keep the price above the 574 satoshi-651 satoshi zone to form a new support zone.


From a mid- to long-term perspective, if the price is maintained above the 260 Satoshi point, it is expected to continue the upward trend.


(1D chart)
We need to see if we can sustain the price by rising above the 500 satoshi point.

If it continues at this rate, it could drop near the 260 Satoshi point, so careful trading is required.

It remains to be seen if the volatility around September 26 (September 25-27) can lead to volatility rising above the 651 Satoshi point.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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