In this analysis, we first follow the previous scenarios from May 2 until today.
We entered a channel after an upward trend with 170 ascending candles with strong momentum, and after its failure, we entered a trading range.
I have tried to write all the explanations in the chart so that you can easily follow.
After breaking the trading range with a trend-forming...
The price of DOGE surpassed the dynamic resistance in the 4-hour time frame and reached the resistance range of $0.1721-$0.1654, but was unable to break through and subsequently dropped back to the dynamic resistance.
It is expected that the price will increase once more, with the initial goal being to surpass the resistance level, potentially leading to a rise...
CRYPTOCAP:DOGE Testing 200 EMA
It looks like the 200 EMA (dark blue line) is acting like support as a bearish engulfing candle challenges it. If it holds then the rally may continue upward.
Do your own research.
CRYPTOCAP:DOGE Triangle, Bearish Pennant on Lower Timeframe
The lower timeframe 1-hour charts shows a Triangle and Bearish Pennant with targets below. The falling wedge has a higher target above and is most dominant on the higher timeframe as well.
Do your own research.
DOGE sentiment is neutral in the daily chart and DOGEUSD is teasing the bottom of the range around $0.1423, the key daily support zone.
A bullish break-out of $0.1772 is required for DOGE to turn bullish towards $0.2183 and higher.
A dip to below $0.1423 will lead to more bearishness in the daily chart to $0.1235 and $0.1011.
CRYPTOCAP:DOGE Similar price action repeats
Rally approx. 6 weeks, retrace approx. 4 weeks, sideways consolidation 6 weeks then rally again. Next leg up loading. Do your own research
DOGE / USDT
Price reaction is interesting here as Bulls showed strength above KEY S/R
As long as we held above this key level the bullish structure for DOGE is still intact
Dogecoin/ThetherUS_ Under_ Binance_ Trading Venue.
Prices for week 2, May, 2024, possibly early 3rd week as some Retest are missing!
Before a new support there are some lower data is in a mess situation that require for the price to come back! Otherwise, it will keep declining within the week 2, May, 2024 ! We can not continue until these 2 been corrected ....
#DOGE Descending Triangle Formation in 1D Timeframe✅
In Case of Breakout, Expecting Bullish Wave. 📈
- High volume area 0.14954.
- Wait for a breakout with huge volume.
- Take confirmation of RSI Divergence.
#DYOR
