Dogecoin has had some fantastic bullish action as of late! If you followed my previous 4HR analysis from December 5th and longed, you made out with a 1:3 trade. What we're looking at now is another nice long setup, but should we take it?
How do we trade this? 🤔
We have an ascending triangle which is a bullish pattern following a strong bull macro trend, the...
Past Performance of Dogecoin
Dogecoin remains under pressure. Even though it is up roughly 10% in the last trading week, it remains within a bear formation with caps at $0.078. The good news is that DOGE prices are above the middle BB and steady above $0.070. Still, for the uptrend to take shape, there must be a conclusive high volume close above $0.078 in the...
Past Performance of Dogecoin
Dogecoin is, like the broader market, under pressure. It is down roughly 20% from February highs and will likely shed more in the days ahead. Going forward, traders should watch how prices react at around $0.091 and support at $0.080.
#Dogecoin Technical Analysis
Bulls are confident, but how prices react in the short term depends...
Past Performance of Dogecoin
Dogecoin is down 41% from November 2022 highs but remains within a bullish formation. Prices are trending higher, inside a large rising wedge, forming a bull flag. Unless there are sharp gains below immediate support lines, sellers may flow back. For now, traders can watch $0.098 if buyers are to take charge. If not, losses below...
Past Performance of Dogecoin
Spectacular gains of October were quickly reversed in November and December. From Q4 2022 peaks, the coin fell 53 percent and is now flat-lining in a tight trade range, evident in the daily chart. There are higher highs versus the lower BB, pointing to a possible reduction in selling pressure. Nonetheless, there must be substantial...
Past Performance of Dogecoin
DOGE prices are trending above Q3 2022 highs at around $0.056. Amid an uneventful price action and hesitant traders waiting for a clear trend definition, bears remain firmly in contention despite slowing down the optimistic bulls. Thus far, the primary resistance, capping buyers' progress, is at $0.066, marking September and October...
Past Performance of Dogecoin
DOGE prices are firm when writing, riding the crypto bullish tide. Even though it is still in red week to date, the coin is up six percent on the last trading day. The critical support lies at around $0.06. Currently, bulls are beginning to establish themselves, reversing losses of the first half of this week.
#Dogecoin Technical...
Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Dogecoin (DOGEUSD).
Dogecoin price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your...
I'll be waiting in the bushes and watching this 4hr chart to see how Dogecoin plays out.
It seems we have broken out of a descending channel and are now forming an ascending triangle.
My whiskers are telling me that this could be a bearish continuation or a bullish reversal, but that a break up is more likely.
Owhooooo!
****See my previous Dogecoin idea "My Doge Dream" and be sure to push the blue play button on the right side of the chart to see how my original call for a Doge Cup and Handle has played out.****
On the 4hr chart Doge seems to have formed a cup, so I'll be watching to see if a handle develops. If we do get a move down to form a handle then a break of the...
This is not Financal Advice. Though my previous posts on Dogecoin have a win rate of 100% and generate well over 100% lol - THIS IS BY NO MEANS FINANCIAL ADVICE. DO YOUR OWN DD.
woof
P.S. My last Doge gift for you all gained well over 200% in about 3 days ; ) . ...yes... I have tracked this puppy ( lol ) for for very much years! Have a Good Weekend!!!
