ForecastCity

đź’ˇDon'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


❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the đź‘Ť LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❤️ Your support is very much 🙏 appreciated!❤️
đź’Ž Want us to help you become a better Forex / Crypto trader?

Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️


High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas

âś… Best Profitable Trading Strategies
âś… in 9 languages
âś… since 2007

FREE Telegram 👉 t.me/forecastcity_com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.