TheDrivenTrader

TheDrivenTrader Updated 

DOGE breaking out of the trendline set the last time it visited the 0.70 cent borderline. Expect a throwback to the trendline or even low 0.60s, but keep watch overnight.

TheDrivenTrader

I'm waiting for the breakout of the down trend (orange line) and some support above the VWAP. Without those basic moves, I consider Doge at this point in time considerable bearish. This is just how I'm planning to play Doge in the near term.

TheDrivenTrader

DOGE on the one hour timeframe is aligning well with the Fib retracement lines.

TheDrivenTrader

DOGE was a 0.31 in my last post and it keeps going like the Energizer bunny. As long as the overall Crypto market is going up, DOGE should follow with even higher gains. Price target is 0.42 set back on April 19th at 0.42.

TheDrivenTrader

DOGE is dragging on the trendline I drew 8 hours ago, which holds for the 4 hour timeframe as well. I recommend keeping an eye on COINBASE:BTCUSD to gauge the health of the overall crypto market, as most major cryptos (like DOGE) tend to follow the leader.

TheDrivenTrader

DOGE is bouncing off the 200 on the 15 Min timeframe. All 15 min MA's ascending above the 1 hour EMA. Things are looking good for DOGE, but it needs help to get that extra push.

TheDrivenTrader

DOGE fell back into its 0.30 - 0.31 channel. Either I'm buying at ~0.30 or the breakout above VWAP. I will not touch it if those two conditions are not met.

TheDrivenTrader

DOGE fell below the bearish ascending triangle pattern I posted yesterday, and now it's trading below the support trendline initiated by the dip set last Saturday, April 17th. Another sign of weakness is the fact that price is failing to rally like it has almost everyday between 00:00:00 and 04:00:00, which tells me that sentiment is turning bearish across the...

TheDrivenTrader Updated 

Technical analysis is telling me to sell, but market sentiment is telling me to HODL. I've seen the same erratic behavior with Bitcoin pre 10K. Support/resistance tend to break quite easily.

TheDrivenTrader

DOGE looks to be forming a bearish ascending triangle. Even if it drops below the bottom of the triangle, I recommend waiting for 0.30 support. I hope the market invalidates the bearish pattern and sends this testing 0.42 once again.