A Trading Signal is seen in the DOGEUSDT Dogecoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.278
⭕️SL @ 0.233
🔵TP1 @ 0.379
🔵TP2 @ 0.473
🔵TP3 @ 0.583
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1H MS has flipped bullish again
It has picked up bids in 1D demand which sits on top of previous 1D cap resistance
Bids in these down candles before the up move which broke bearish structure into bullish look decent to me
Targets 53, 64 and moon bag for a quid cuz why not
Doge is in the important support area
These days are so important for #doge $doge
If you see Eluns twitt tomorrow don't suprise
We will see Tesla acceptance twiit or coinbase exchange acceptance or both of them.
We looked at Dogecoin (DOGEUSD) on the daily timeframe; many bearish signals starting to develop.
Today, we are going to be looking at the 4h timeframe where we can gain additional information as to what is going on with this market/pair.
First, we notice how DOGEUSD went to test EMA200 as support after breaking below EMA100 back in April.
This same scenario...
As I was saying in my last analysis, DOGE needs to be calm and do correct but this was delayed due to the thirst of buyers for Elon Musk fans.
Don't rush and wait for more correct and buy in a safe zone I think the correction is not over and it can go as far as I determined to buy !
DON'T forget we have strong support at 0.4 and you can set your stop loss below...
Doge has not reversed the downtrend and is accelerating downward. It has failed to find support outside of the red regression zone, which is 2 standard deviations below the baseline at the bottom edge.