AlanSantana

Dogecoin (DOGEUSD) Peaked!? Are You Ready To Feel The Crash?

Short
BITTREX:DOGEUSD   Dogecoin / US Dollar
Looks like Dogecoin (DOGEUSD) has gone up for a while now printing massive growth...

We have multiple bearish signals starting to develop on this chart.

  • Today, we can see DOGEUSD moving below EMA10.

  • EMA21 has already been tested as support... The next time it is hit it is likely to break.
  • We have bearish divergence with the RSI , same on the weekly timeframe .

Where is the next support?
First, we look for $0.294 followed by $0.193...

How far down can it go if it does crash?
This can vary depending on how the market behaves, the bearish signals can even be invalidated...
With that said, when I look at DOGEUSD weekly, prices can drop as low as $0.09 but it is too early for that...

Let's continue.

The daily MACD:
And the RSI ( bearish divergence and broken trend line support):
We will see Bitcoin move higher as Dogecoin corrects and move lower.
That's my prediction... What's yours?

Share it with us in the comments section below.

Alan Masters.

This is not financial advice.

Namaste.
Comment: Nice hit!

Enjoy.
Comment: This altcoin pair is likely to move to $0.19 next...
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Comments

Dream on bro, I bet its over a dollar in a couple of weeks
+6 Reply
AlanSantana parrotfish
@parrotfish, It can correct, hit a higher low and then move higher...

But we will see. :)
Reply
AlanSantana parrotfish
@parrotfish, Any updates... Looks like my dream is coming true.
Reply
parrotfish AlanSantana
@AlanSantana, its a bit of tight schedule now, lol :)
Reply
"Be fearful when others are greedy and greedy when others are fearful." ✌🏻
+2 Reply
AlanSantana StewySongs
@StewySongs, Thanks for your comment... So true at this point.

Namaste.
Reply
i think doge has done the show which could have attracted lot of investors now it might doom and take away everyones money.
+1 Reply
nice strategy
+1 Reply
correction due to inflation news once wane it will skyrockets tho , Fiat money depreciation will push crypto to another peak
+1 Reply
AlanSantana ChristG11
@ChristG11, True, but still, corrections are normal and part of the market.
Reply
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