Hey fellas!
Today i'm about to answer a question is DOGE really can make it? The $1 surge?
Hell yeah!
I can't believe it. I wasn't buying when DOGE was $0.18. Wasn't buying for $0.24...
But hey, we have new ATH and still can push it higher! Why? Here we go.
The most important is hype. Twitter, Elon, everyone is talking about this meme coin.
Have you heard this funny song "We're gonna take dogeocoin to the moon?" Yeah... Not cringe ;)
Have you seen its capitalization? Crazy.
So I looked at the chart and what i saw...
We hit Fibonacci level near our new ATH at ~$0.65 and now we're somewhere around $0.6.
DOGE is also forming a triangle.
Triangle patterns are named like that because the upper and lower trendlines ultimately meet at the apex on the right side, forming a corner. Connecting the start of the upper trendline to the beginning of the lower trendline completes the other two corners to create the triangle. Technical analysts categorize triangles as continuation patterns.
As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices.
So we can still expect the uptrend.
And another similarity is the cycle, how DOGE is forming itself after reaching new ATHs. We have something like "Bearish Gartley" pattern after every peak, then go lower to explode. Bearish Gartley is another formation - ABCD pattern preceded by a significant high or low, geometric price/time pattern comprised of 4 consecutive price swings, or trends-it looks like a “W” on price chart.
I haven't marked it on a chart to not make it illegible. It's not crucial but interesting so I mentioned it here. You can try to find it by yourself or read more at https://www.forex.com/en/education/education-themes/technical-analysis/bearish-gartley-pattern/
Anyway let's go to the point. We can definitely go higher. We just have to break through two levels. First is Fibo lvl and the edge of our triangle pattern at $0.65 and then our ATH at ~$0.69. I've marked all the main support and resistance lines.
If we can make it DOGE is surely about to go a level higher, maybe even to $1, where is next Fibonacci level.
So, do you think we can make it?
Let me know in comment section or just hit the thumb button letting me know it was a bit interesting for you!
Cheers!
Today i'm about to answer a question is DOGE really can make it? The $1 surge?
Hell yeah!
I can't believe it. I wasn't buying when DOGE was $0.18. Wasn't buying for $0.24...
But hey, we have new ATH and still can push it higher! Why? Here we go.
The most important is hype. Twitter, Elon, everyone is talking about this meme coin.
Have you heard this funny song "We're gonna take dogeocoin to the moon?" Yeah... Not cringe ;)
Have you seen its capitalization? Crazy.
So I looked at the chart and what i saw...
We hit Fibonacci level near our new ATH at ~$0.65 and now we're somewhere around $0.6.
DOGE is also forming a triangle.
Triangle patterns are named like that because the upper and lower trendlines ultimately meet at the apex on the right side, forming a corner. Connecting the start of the upper trendline to the beginning of the lower trendline completes the other two corners to create the triangle. Technical analysts categorize triangles as continuation patterns.
As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices.
So we can still expect the uptrend.
And another similarity is the cycle, how DOGE is forming itself after reaching new ATHs. We have something like "Bearish Gartley" pattern after every peak, then go lower to explode. Bearish Gartley is another formation - ABCD pattern preceded by a significant high or low, geometric price/time pattern comprised of 4 consecutive price swings, or trends-it looks like a “W” on price chart.
I haven't marked it on a chart to not make it illegible. It's not crucial but interesting so I mentioned it here. You can try to find it by yourself or read more at https://www.forex.com/en/education/education-themes/technical-analysis/bearish-gartley-pattern/
Anyway let's go to the point. We can definitely go higher. We just have to break through two levels. First is Fibo lvl and the edge of our triangle pattern at $0.65 and then our ATH at ~$0.69. I've marked all the main support and resistance lines.
If we can make it DOGE is surely about to go a level higher, maybe even to $1, where is next Fibonacci level.
So, do you think we can make it?
Let me know in comment section or just hit the thumb button letting me know it was a bit interesting for you!
Cheers!
Comment:
Doge is following the path. Candles look good. RSI on daily is ~73 which is not bad. Previous ATH's RSI was 97. There's still room to go. Fingers crossed.
Comment:
So we did it!
DOGE broke the resistance at ~$0.69 and reached the new ATH exactly where i pointed, at Fibonacci lvl $0.737. Just look:
Can we go up higher? Next stop would be ~$0.78 and ~$0.84.
Stay tuned and trade with caution!
DOGE broke the resistance at ~$0.69 and reached the new ATH exactly where i pointed, at Fibonacci lvl $0.737. Just look:
Can we go up higher? Next stop would be ~$0.78 and ~$0.84.
Stay tuned and trade with caution!
Comment:
We have rising wedge forming, which is a bearish pattern so trade with caution:
It is still possible DOGE will reach new ATH, but it may be not as high as 0.78 and we may fall down the wedge or farther to $0.69-0.67
Comment:
Still in doge?
As i warned you guys we fell from uprising wedge and we're trading now within parallel channel marked as below
As there's still lots of hype on this meme coin i believe we may go up at some point.
Stay tuned!
As i warned you guys we fell from uprising wedge and we're trading now within parallel channel marked as below
As there's still lots of hype on this meme coin i believe we may go up at some point.
Stay tuned!