The price broke through the accumulation zone downwards. This is the first and the main reason for the further decline. We don't have the power for growth. I think we can reach a new low. The entry point for short after retesting to trendline.
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✅ WHERE WE ARE
We've been on bearish waves since 0.7399(Lime3)
We must recognize where lime 4 is, which would be the beginning of the impulse waves.
Fib78.6 (lime2-lime3) and the lime support line seem like the good entry zone for long.
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- DOGE is not looking good from the technical perspective.
- The price is below 2 trendlines and below the symmetrical triangle on the daily chart
- You can sell/short dodge on Binance or any other crypto exchange.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature...
Dogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level.
We are now approaching the extremes of the range - the 0.22 support level. We have a descending...
Like all crypto, DOGE has seen a strong bearish move in the last couple of days. Seeing the current price action, I think that we have more downside and will reach the recent lows again.
Current target would be the support at the bottom. Keep a close eye on BTC when trading alts.
Happy trading!
This one also is not a trade setup. It's just an overlook of how this coin is doing.
As you can see it was back to a downtrend regression after its last pump and had only 2 noises up and down the channel.
But now this crash changed everything. If the price doesn't manage to get back to the channel then it's a new price range for Doge because it won't be...
sundays exit at 0.258
re-entry short at 0.285
now price should fall down to the 2.61 extension at 0.2, looking forward to close the short there.
the strategy to sell if the 8 hour close closed below prior days close is still profitable unfortunatly only on doge coin...
I think the Dodge have the potential to make some people happy for a week or so, after all maybe people judged it too harshly... Only time will tell.
Trade with absolute care!
I have been underestimated Elon Musk for a while, but can see that retail investors follow him blind. Therefore I want a piece of the cake.
All technicals are at bottom, and this is the third bottom at 0.20. Fibo level just hit
I think we will get a bounce up to 0.25-0.26, easy 20-30% gains. looks more like a correction than crash.
Let's do this.
BINANCE
