Hello Traders,
DOGE is a typical fake out but it's been showing a pretty consistent consolidation period.
If we can replay previous profits, this could go to recent highs and possibly more.
The last target would be the 1.618 on the Fib.
Good luck!
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...
I believe that DOGE has potential to run up to 0.0196. Support is in the area of 0.00665
I intend to take profit before 0.0196 resistance. I will also monitor BTC to understand the movement of the market. Please see my BTC idea for more info about MY VIEWS on BTC.
I only buy alt coins on spot. I do not margin trade alt coins, except eth.
My strategy for alt...
The H4 timeframe shows a breakout from the initially formed symmetrical triangle to the upside. Another trendline forming the next symmetrical triangle is about to be surpassed. This is gradually forming an ascending triangle, which is looks good. A breakout through the resistance level 0.0101 could propel a more bullish move and possibly going beyond 0.0140. ...
$DOGE.X is sitting at a key resistance level. If price breaks above .00958730 and holds, it could retest previous highs. Key levels (my personal targets) are marked on the chart (black dashed lines) with a stop loss @.00824378
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...
