This is an update to the previous post. Yesterday, as expected the price hit the support at 0.32, and since then it has been trying to break it down but not enough volume until this moment. If breakdown happens at 0.32, we expect the price will fall down to the next support around 0.24 to retest it. If breakdown fails at 0.32, on the other hand, the price will...
The price seems bounced back from the dynamic resistance, and we expect it will fall down to retest the support at 0.32. If breakdown happens at 0.32, the next support will be at 0.24. If breakdown fails, on the other hand, the price will bounce back up to retest the dynamic resistance. Good places to buy are at 0.32, 0.24 and 0.15. We will update the chart if...
Last night the price brokedown the neckline on the daily chart with a big momentum, forming "Head and shoulder" as shown on the chart. This chart pattern is usually a sign of trend reversal, and we expect the trend will be reversed from bullish to bearish unless we hear some good news about the DOGECOIN specifically and cryptocurrencies in general. The price last...
As shown on the chart since May 8th, the market is volatile because of ongoing news about crypto currencies, and with a market like this we can't give accurate signals on shorter time-frames like 1H and 4H charts. That's why we need to wait a little bit until the market stabilizes. On the daily chart, however, the main trend is still up, and recently the price...
Since last Friday the price moves almost sideways between the upper and the lower line of the triangle as shown on the chart. If breakout happens at the upper line of the triangle, we expect the price will go up to retest the next resistance at 0.59, and our first target is at 0.65 and second target is at 0.73. If breakdown happens at 0.4980, on the other hand, we...
While the price was struggling to break down the last level of the retracement zone at 0.37, we heard some good news about the DOGECON and that worked together with the support at 0.37 to push the price back up, out of the whole retracement zone! So the price now moves above the dynamic support area on both 1H and 4H charts, and it did not respect most of the...
As shown on the 4H chart, the price bounced back down from the dynamic resistance area, and we expect it will retest the support around 0.4149 for the third time. If break down happens this time, we expect the price will hit the next support around 0.37 on the daily chart. Otherwise, the price will bounce back up to the dynamic resistance zone on the 4H chart, and...
As shown on the daily chart, the day before yesterday the price bounced back from the resistance at 0.739 and went all the way down to hit the support at 0.4149 within the retracement zone. Since then the price is moving within the retracement zone between 0.51 and 0.37. When we look at 4 hours chart and one hour chart, we can't see any early indication for the...
Tonight's SNL "Saturday night live" which is hosted by Elon Musk can be a potentially market-moving event for the DOGECOIN. So you might have asked "how that would be with our technical analysis here?". As a technical analyzer, we always have two seniors on the chart, and we always get prepared for both. We don't care which side the market will take as long as...
The price bounced back from the support area between 0.56 and 0.52, and we expect it will go up to retest the resistance around 0.66. If the price makes one cent above 0.69, our first target will be at 0.80 and the second target is going to be at 0.97. We will update the chart if anything changes.
The price hit the dynamic support area between 0.56 and 0.52, and found a big support, as a result bounced back up quickly. If the price fails to break down the support at 0.52, we expect it will go back up to at least 0.66 to retest the resistance. If breakdown happens, on the other hand, we expect the retracement will start on the daily chart between 0.48 and...
Since yesterday the price has been trying several times to break down the lower line of the triangle at 0.575, but hasn't been able to do that until this moment. As long as the breakdown fails, our previous post about "Early buy signal" will stay effective. Please check the previous post for more information about that buy signal. We will update the chart if...
Entry point: Buy at any price between 0.58 and 0.62. Stop Loss: @First candlestick close under 0.56 on hourly chart. Target one: @0.80. Target two: @0.97 .,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Note: Don't risk more than 5% of what you have in your trading account. Usually, one hour chart signals are not as accurate as the signals on 4 hours and daily chart. Also,...
As you can see on the 4 hours chart, the retracement is happening now but on a 4 hours level not daily level. The retracement zone on the 4 hours chart is between 0.58 and 0.51,and the price is still within that zone. This normally happens when some traders get out of the market with some profit, as a result the trend loses momentum a little bit and bounces...
The price hit our first target at 0.62 on the daily chart, and our second target is 0.92. For short term traders on hourly chart, we have target one at 0.67 and target two at 0.78. There is no sign of retracement until this moment, but it could happen anytime. We will update the chart if anything changes.
Last night the price hit our orange line at 0.46, and the breakout has been confirmed now. Our first target on the daily chart is still the same at 0.62 and the second target is going to be at 0.92. As shown on the chart, the price went up to 0.6 and bounced back a little bit. This is normally how the price moves. This is long term trading, and normally it takes...
Since Apr 16, this is for the first time the price was able to break-up the resistance at 0.4149 with a big momentum as shown on the chart. But the break-up has not been confirmed yet. We will watch the 4 hours chart for the confirmation, and this may take 4-24 hours to find that out. The confirmation happens when the price goes down a little bit, but bounce back...
As shown on the daily chart, the price hit the resistance area between 0.41 and 0.44, and it's trying to test it again. As for now, we have two possibilities, we call them the thumb-up one and the thumb-down one. If the breakup happens at 0.44, that would be the thumb-up, and we expect the price will continue to go up to the first target at 62 cents. Otherwise, if...