Is it time for Doge to shine again or is there still a possibility for it to dive to the depths? After a massive bull run that has made some people rich and others unlucky, it's worth examining where Doge stands.
If we take a look at the weekly chart, we can see that Doge has been in a bearish trend since the collapse in May 2021. During this time, a massive falling wedge has been created with a solid hold above 0.05 for about a year. We can see that DOGE has rebounded about 3-4 times from this area with mixed gains.
On a lower time frame Daily, Doge has created another wedge with a bullish H&S pattern and is currently facing resistance at 0.1. A breakout above this level with a weekly close could be a bullish sign and beneficial for both Bulls and Doge holders.
Daily TF
Overall, we see 0.05 as a potential bottom for Doge and 0.15 as an upper line and breakout level for another bull cycle, unless something else occurs.
Note:
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome.
it's important to consider the risks and potential rewards before investing in any cryptocurrency. While there may be opportunities for gains, there is also a significant amount of volatility and uncertainty in the market.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
If we take a look at the weekly chart, we can see that Doge has been in a bearish trend since the collapse in May 2021. During this time, a massive falling wedge has been created with a solid hold above 0.05 for about a year. We can see that DOGE has rebounded about 3-4 times from this area with mixed gains.
On a lower time frame Daily, Doge has created another wedge with a bullish H&S pattern and is currently facing resistance at 0.1. A breakout above this level with a weekly close could be a bullish sign and beneficial for both Bulls and Doge holders.
Daily TF
Overall, we see 0.05 as a potential bottom for Doge and 0.15 as an upper line and breakout level for another bull cycle, unless something else occurs.
Note:
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome.
it's important to consider the risks and potential rewards before investing in any cryptocurrency. While there may be opportunities for gains, there is also a significant amount of volatility and uncertainty in the market.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Comment:
#DOGEUSDT
we ask Allah reconcile and repay
👋 Be a trader, not a gambler, by following risk/capital management!!
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
we ask Allah reconcile and repay