Hey traders! 🎩💼 I trust you're all doing well. Here's an enticing trade proposition for BINANCE:DOGEUSDT (DOGE/USDT), offering not one but two potential entries.
1st Entry: 0.18157
We're initiating our first entry based on the presence of a demand zone (SMC). This strategic entry point presents a promising opportunity to capitalize on potential bullish...
Technical Analysis:
- As you can see in the chart, DOGE has a strong up reaction but we need more data for a confirmation to have a new structure
- Short term correction is finished in wave II in red
- We expect in the Short Medium Term ((3)) waves in black bouncing
- We need to cross wave I in red to get a more confidence up in a Bullish Short Term Structure
-...
Doge.
The price of Dogecoin is confidently holding above $0.10. Our priority scenario remains unchanged growth to $0.1150-0.1250 looks like the most likely. If the price drops below $0.0850, we will correct our wave scenario.
We've been in a strong accumulation phase over the past 30 days+ now is the time for a nice bullish reversal, let's see if we can break through the .175 & .20 resistance over the next 2 weeks.
Seems we may get a bullish day in terms of a swing trade but overall we should continue to move sideways. I've labeled our 2 support lines for tomorrow, over the past 2 weeks we've created a floor price at .15.
Very similar set up as we ended the month of September in a bearish trend followed by a Bullish Reversal into October.
I believe we will see a very similar pattern Breakout through Đecember.
I believe we will end the year above .40 & new ATH .80. I understand what kind of run we need for that to happen which if you look we've been accumulating for nearly a month ready to breakout.
But will we see a sell-off or an Uptrend? Only time will tell
I am dropping a chart taking the previous run from 23 April all time high at .73 then finished with at .41
If we somehow see the exact same pattern starting from todays low which was .22 we will hit .80 Dec. 5th & end the year around .50
I would be perfectly fine with that, I do believe we will see a nice run up with a pullback heading into the end of the year....
Here are 3 realistic probable outcomes for Nov. 18th.
It is another full moon which of you don't already know we typically see a massive swing from Bitcoin, with that being said we very well could reach above .27 on the other hand if it's a Pullback which would fall below BTC $60k support level we could call to .16 range. Or move sideways & contuitgo consolidate...
We're mimicking the ATH Bull run pattern as earlier in the year. We should witness an end to the consolidation phase within the next 2 weeks this begin on our road to the new ATH
We may have witnessed our last shakeout before the Holiday Bull run, which I do believe we will surpass .80 before EOY.
I'll continue to keep you updated Đaily, follow me on Twitter for all the news surrounding Đoge & other AltCoins.
As you take a look at the MACD & the RSI they both match the hourly chart as a bearish downtrend. To me that's great news which means this is a true chart, we should see a bullish reversal play out in the next 48 hours as we head towards .30.
We still have a possibility to fall to the mid to low .26 range before we head towards .30+ nearing the weekend. The next...
Let's see if we can finish the day above .270, I do believe we'll see a healthy pullback before testing that resistance. We still have a possibility to fall back into the low .26 range as well.
If you take a look at the RSI it indicates ~ Oversold which is typically led by an Uptrend movement. Taking a look back on Oct 31st you can see we also dipped to the Oversold indicator which was followed by a nice Uptrend.
Next we may see a push towards .30 through the weekend with the Upgrade to 1.14.5 this could add to the trend.
AB=CD into 0.618. Move above $0.3000 will be short term bullish for #dogecoin.
Remember in a risk-reward equation, we can control only the risk we are willing to take, do that and you will be fine. It's a game of probabilities :)
