Dogecoinanalysis
DOGE, Dogecoin - we can reach a new low. See why...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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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Has #Doge found it's floor? As you see here I am using the Daily Chart, j have labeled a line of resistance which I believe to be our floor! The first box indicates the bottom of the resistance at .15 & the next 2 boxes show the top of the resistance.
Now that we've touched the top, will we see a nice little push or will we consolidate here for the next 4+ hrs?
*NFA
Doge- it can soon break under 0.3Like a lot of the coins, also Doge is on a downtrend.
The recent rise in Bitcoin translated into sone anemics rallies for this coin which reinforce my bearish outlook.
I expect a break under 0.3 soon and 0.2 zone is my target.
Doge above 0.35 would negate this scenario
#DOGE to .33As you see here, this is a solid Buying Opportunity for a Swing Trade. We just touched the bottom band in the Bollinger Band Indicator, which as you see it leads too a bull push.
If we get a green engulfing candlestick, followed by another this may play out very well. Let's pay attention to when we hit the middle band because we may head back down to where we are now or continue moving towards .33!
*This is not Financial Advice, I am not a Financial Advisor.
💥DOGEUSD LIKELY MOVE - PUMP TO $0.56 OR DIP TO $0.25Based on what we can see on the chart, we have a bullish pennant chart pattern in view. We also have price tested 3 credible support trendines and 2 resistance trendines.
Right now, we need a either a rejection on the trendline or a breakout to know the next move.
If price is unable to break the support trendline downward, we ride back to $0.56. But if price breaks this trendline downward, price will dip to $0.25.
Let's wait and see what happens.
What do you think?
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