BINANCE:DOGEUSD   Dogecoin / US Dollar (calculated by TradingView)
DOGE has been nothing short of phenomenal these last few weeks. It has gained over 350% during the previous seven trading days. It is only befitting that it has lost 50% so quickly after such a tremendous extension higher. The chart shows this critical % decrease through the use of Gann box squared at the rate of 0.0035 per 2 hours of trading, the current rate of change that I was able to decipher. It seems to be in an excellent position to continue its trajectory higher; however, if the crypto spectrum goes through a correction phase, DOGE might correct further towards the 75% decline point, but that is yet to be seen during the upcoming few weeks. The chart shows two potential long entries with detailed risk profiles of not less than 4R return. If there's anything that I am missing, do drop a line in the comments section. Best of luck, and stay safe!
Comment: DOGEUSD, 30min Hit the spot and now reduction of exposure ensues. A good 60%+ run so far, not surprising to see some folks square off exposure here.
Comment: DOGEUSD, 30 Hit the forecasted target for the first extension.
Comment: 4R return on the 1st entry, 2nd entry currently @ +3R.
Trade closed: target reached: DOGEUSD, 120 Second entry closed with +9R. Combined result for the two highlighted entries is +13.5R.

Comments

Brilliant!
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@trurufian need another one like lol
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Incredible.
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Zoen_Trieste trurufian
@trurufian, your feedback is much appreciated. Best of luck!
Reply
Update this bro?
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@eone, will do ;)
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DOGEUSD, 120 This pair has probed the -67% area due to an overall bearish sentiment across the crypto space. Seemingly, the coin is being bid up from that critical support area and is currently looking higher. Trade with care and stay healthy!
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Good chart here
Thanks for sharing
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Crypto market bleeding a bit. DOGE holding its own. Every dog has its day.
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@trurufian DOGE’s resilience to the selling is bullish in my books. If Bitcoin finds support in the low 50k area, our dog is gonna run.
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