Possibly looking to test support at the 180 day SMA @ around 530-560, depending on the timing.
A dragonfly doji candle combined with a sell signal on the MFI seemed to clearly show the beginning of a downtrend on the daily. Stochastic RSI now showing a crossover of the lead line while still in oversold territory. The MFI is dipping below the 30 is further indication that the end of the downtrend could be coming soon. However, the RSI is still above 50 and...
.... All indications I listed in my previous idea seem to be happening now. Plus a nice trend line break with bullish engulfing candles forming above. See my previous post:
DOGE is showing a lot more support when correcting from spikes than the typical pump and dump coin. It seems to find a higher new floor after every spike. The MFI has just flashed green on the hourly chart for only the second time since this rally began. To be fair, it is too difficult to be certain relying on TA alone to determine what the future holds. if the...
Always consider using a trailing stop loss if you reach a target and want to hold on.
If you choose to consider this strategy for yourself, be sure to set a tight trailing stop loss by the time price action gets in the target area for day or swing trades. A green buy indication on the hourly chart of the MFI is something I'm following with my trigger finger. On the other hand, If you are long, that is, planning on holding for a year or more, you...
Last time we saw this pattern there was almost another 300% leg up in less than 10 hours!
...after a Shiba spike rally, price action dropped as labeled in the chart. Average of the two would mean about -45% in about 1 day and 6 hours before the trend reverses....
Be careful while in a downward trend. There is one example I plotted with a red arrow that shows this strategy is not without risk. Don't set targets of more than 2-3% upside or stop losses more than you are willing to lose while day trading.
It may be too early to tell but, it looks like we may be looking at a very nice new market range for DOGE, market by the green and orange dotted horizontal lines. I'm looking at the MFI and BB on the 15 minute chart for day trading and on daily for swing trading or long term accumulation. It seems anytime it hits 30 or lower, it's a good time to buy. This may just...
Will the rally continue or is this the new market range for a while? Thoughts?
...and boy, was I right! Looking back all the way to 2017 on the daily, it seems every time the MFI shows below 30, good things are in store, short term for DOGE. Long term DOGE has been a solid investment, unless you only bought at or near it's ATH. Even then, as long as you held on, you are doing fine now!
Multiple indicators show possible trend reversal on the 15m interval. People are buying the dip.
Fibonacci is based on the base of the bullish engulfing candle at the start of recent rally to recent high. Seems to coincide with S & R levels, especially the current support level. I have a line on the 1 cent level because I feel like this is an important psychological milestone we would like to see strong support at to eventually in order to achieve widespread...
If supply and demand were the most relevant factors to consider, the USD would would have seen third world inflation a long time ago. The most powerful drivers for market value are: speculation ( how much sellers thinks they can get for it), Confidence ( how much trust people in the market have in the continued valuation or survival of it) , popularity ( How well...
Much Wow! Shiba's blown past the last remaining resistance before challenging the ATH. Interesting How the 1 cent value is right near the Fibonacci line. If we see support at 1 cent, Hold onto your hats. We will likely see 30 cents or higher this year; depending on what BTC does.
Fibonacci retracement, based on the candle bodies of the monthly chart of all market data, we are seeing the price of DOGE testing the last major resistance zone before possibly challenging it's previous ATH. Recent tweets and spikes aside, this seems to be forming a long term, accelerating & unbroken uptrend. Today DOGE is one of the few cryptos in the green....