With a sudden jump, we are looking to correct the price, which gave the two marked points the possibility of falling, two points marked with an arrow are suitable for purchase.
DOGE has officially landed on the moon setting a new ATH and breaking all records.
Going parabolic is an understatement. This is a massive 2x pump in one day! Likely we will go higher before we drop. Maybe to 4 cents? See the Fib extensions.
Why is this happening... google wall street bets and GME. Seems DOGE was next on the list.
Not much to chart here buys...
Well... that went as planned! The candle broke through all 3 resistance along with pushing through its major resistance. We should be expecting higher highs.
If this chart helped please leave a like and a follow :)
ANALYSIS 🔎
- DOGEUSDT brokeout above the inverse head and shoulders neckline resistance (1) and hit an ATH.
- Price retraced and retested the flip horizontal support and 0.618 fibonacci retracement level.
- Price action is printing the inverse head and shoulders reversal pattern at the retest area.
- The inverse head and shoulders pattern is a bullish reversal...
💡 Trade Idea
📈 Buy Order DOGE/USDT @ 0.008297
🎯 Target Profit 0.010920
🛑 Stop Loss 0.007450
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was in a clear selloff and faced a daily support (0.00821) and showed an inverse head and shoulders which indicates a potential reversal from a downward movement to an...
DOGE is in a difficult spot as long as we sit under this resistance line and now we have formed a descending triangle which may take us lower if support does not hold.
Possible paths are on the chart, the indicators are also rather bearish, so there is little bullish momentum at the moment.
Wait for this triangle to resolve or Doge to pass the resistance at...
Do people realize DogeUSD has been in an uptrend since it started and still in a Parabola? My first Altcoin I started mining when it first came out and haven't let go yet, let Elon pump it to it's destination.
Also look at the BTC pair, every time it hits demand if you bought and sold at supply you would have banked, we're in the demand zone now, altseason!
Doge is in a 17% price range. We've touch the local support every day almost and indicators seems to want to cool-down a bit, so we may range or dip lower soon. If not, we can continue the up-trend once we break the local resistance.
Ideally you would want to buy at Fib 78.6% level. That is a safe area to buy. There is also a lot of air under the Fib 38% support...
