Trade setup : Price reached our target of $0.11 resistance but got overbought (RSI > 70) and pulled back on some profit taking. Pullback near $0.09 (50% Fibonacci Retracement support level) could be a swing trade entry in Uptrend, with upside potential back to $0.11.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is...
DogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Descending Triangle, price broke above 200-day moving average, which confirmed an Uptrend. Price also briefly broke above $0.08 resistance where it got rejected in August but has pulled back on some profit taking. Now we wait for price to either
1) break above $0.08 again to...
DogeCoin (DOGE) technical analysis:
Trade setup : Trends are mixed but improving. On the positive note, price has regained the $0.06 key level and rallied to $0.07 resistance area, which is also a 200-day moving average. Near-term, it appears overbought (RSI > 70), so we could see some profit taking. Price really needs to break above 200-day moving average...
DogeCoin (DOGE) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and...
DogeCoin (DOGE) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance...
DogeCoin (DOGE) technical analysis:
Trade setup : Bullish breakout from Falling Wedge pattern, which could signal that buyers have finally absorbed the supply from sellers and the price could reverse trends. Confirmation came when price also broke above $0.07 resistance and above 200-day moving average ($0.08). Price could revisit $0.10 resistance next.
...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (607000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (607000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
". There is a possibility of temporary retracement to suggested support line (0.045185).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.035).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
