Dogecoin (DOGEUSD) is trading on its 1W MA50 (blue trend-line), practically consolidating ever since the massive rejection of October 24 2022 on the 1W MA100 (green trend-line). This sideways price action is serving as the Bull Cycle's Accumulation Phase, before the final parabolic rally that will take DOGE to a new All Time High. This is at least the pattern that...
- Elon Musk has planted volumes.
- The level that is 0.92
- The trading triangle (which I highlighted with flags).
- If the market maker does not break the blue flag, it will be a strong buy signal, especially if the bitstock spills and this scam will stand.
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The Dogecoin (DOGEUSD) hit yesterday the 1D MA200 (orange trend-line) for the first time since November 21 and at the same time the Support Zone that started on the November 09 Low. So far this is a major demand level and that is also shown on the 1D CCI which is rebounding below the oversold barrier (this has been a bullish signal for the past 6 months).
Until...
We last looked into Dogecoin (DOGEUSDT) back in late October, analyzing the potential for break-out above the Channel Down that it has been trading in since May 2021 by using the Fibonacci extension levels.
As you see, the aggressive Musk-led pump hit the 1.5 Fib extension of the Channel Down, while breaking above the Bear Cycle Resistance of the 1W MA50 (green...
Dogecoin (DOGEUSD) made a convincing break above the 1D MA50 (blue trend-line) yesterday and closed above it for the first time since April 28. The long-term pattern has been a Channel Down since the May 2021 High but recently we are seeing the emergence and completion of an Inverse Head and Shoulders (IH&S) pattern. It is on a slope with the 0.5 Fibonacci level...
Dogecoin (DOGEUSD) hit last week the 1W MA200 (orange trend-line) for the first time since the December 07 2020 1W candle. This is the trend-line that (excluding the March 2020 COVID crash), marked the bottom during the previous Bear Cycle.
This idea illustrates DOGE's long-term Cycles in order to get a better understanding of where we stand today. Last week's...
Dogecoin has taken a great move it was moving in a parallel channel and today it break and went to resistance 0.265-0.27
Price is above 200MA shows market is bullish.
Just wait for daily candle closing and if price is above 0.27 it will move to above resistance otherwise it will come to support, parallel channel.
Buy at support 0.2250 or at 0.272 (recommended...
In yesterday's video, I told u that coin formed a good breakout pattern. Today price dropped by 15%. Congratulations to everyone who was with me. Now the best scenario will be to pull back to zone 0.36. But it doesn't mean that u must buy now. Wait for a new entry point.
Write in the comments all your questions and instrument analysis of which you want to...
Every time DOGEUSD retraces below the 0.382 Fibonacci level after a 1D bull run, it pulls back completely, filling the gap 100%.
Why should this time be any different? The bear market on DOGECOIN lasts longer than the average crypto market anyway, so I am expecting 0.00200 next and then a rebound to 0.00300 for the new top.
