DOGE | E-God - consolidation - 15% possible!
Dear Traders!
Please check my other ideas about DOGEUSDT.
Feel free to put your thoughts in to the comment section, and like if you agree with my idea. :)
Lets get down the business.
We are inside a Descending Triangle in 4H time frame of the
DOGEUSDT
.
We might see a move until the red support line (around $0,0587), and that point, the market decides, but in my way of thinking, there will be a quick nosedive in price for the lowest part of the descending triangle, to accomodate more accumulation.
Furthermore, we will break out the triangle, and shortly reach our Target 1 around - $0,0.635. I will take 50% profit from that point. Because as it used to happen with descending triangle, it is highly possible that after reaching Target 1 the price will check the top of the descending triangle before the greatest increase. Buy at that point.
The STOCH RSI is also bullish from below.
We are in the bottom of the channel in MACD which is also bullish.
Sooner or later the Ichimoku cloud will also turns to green. Bullish signs.
There are many bullish signs for DOGE, but unfortunately or fortunately, this is only technical analysis, where nothing is for 100%
Last but not least, I really hope that Elon Musk will soon post something nasty about Dogecoin, or Egodcoin whatever .. .:)
Thank you for reading my idea.
Best Wishez,
Arokthomasso
Please check my other ideas about DOGEUSDT.
Feel free to put your thoughts in to the comment section, and like if you agree with my idea. :)
Lets get down the business.
We are inside a Descending Triangle in 4H time frame of the
DOGEUSDT
. We might see a move until the red support line (around $0,0587), and that point, the market decides, but in my way of thinking, there will be a quick nosedive in price for the lowest part of the descending triangle, to accomodate more accumulation.
Furthermore, we will break out the triangle, and shortly reach our Target 1 around - $0,0.635. I will take 50% profit from that point. Because as it used to happen with descending triangle, it is highly possible that after reaching Target 1 the price will check the top of the descending triangle before the greatest increase. Buy at that point.
The STOCH RSI is also bullish from below.
We are in the bottom of the channel in MACD which is also bullish.
Sooner or later the Ichimoku cloud will also turns to green. Bullish signs.
There are many bullish signs for DOGE, but unfortunately or fortunately, this is only technical analysis, where nothing is for 100%
Last but not least, I really hope that Elon Musk will soon post something nasty about Dogecoin, or Egodcoin whatever .. .:)
Thank you for reading my idea.
Best Wishez,
Arokthomasso
Trade active:
we reached out Targfet 1,
Go ahead for Target 2
Go ahead for Target 2
