ForecastCity

💡Don't miss the great buy opportunity in DOGEUSD @dogecoin

Long
BINANCE:DOGEUSDT   Dogecoin / TetherUS

Midterm forecast:

While the price is above the support 0.09, beginning of uptrend is expected.
We make sure when the resistance at 0.29 breaks.
If the support at 0.09 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

There is a divergence in RSI and price between the trough at 0.1632 on 2021-06-22 and the trough at 0.1599 on 2021-07-20, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 0.29 on 06/25/2021, so more losses to support(s) 0.17, 0.16 and minimum to Major Support (0.09) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 44.

Take Profits:

TP1= @ 0.23
TP2= @ 0.29
TP3= @ 0.37
TP4= @ 0.43
TP5= @ 0.51
TP6= @ 0.59
TP7= @ 0.74


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Comments

Nice work!
+1 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, Thank you. We appreciate your support
Reply
Clean lines!
Reply
ForecastCity Mesutkashmar
@Mesutkashmar, Thank you for your feedback. We appreciate it
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