Dogecoin, along with the rest of the crypto market, had a severe bear response to Bitcoins completion of its measured move. Are we in for another leg down?
How do we trade this? 🤔
I don't think it's reasonable to short here, not yet at least. We need a little more recovery from the first sell-off toward the Resistance Zone at $0.0865. If we get a sell signal...
Dogecoin is starting to show signs of converting to a trading range after a strong bull run. We have a potential double top reversal pattern playing out after three good pushes to the upside. Does that mean we're heading down?
How do we trade this? 🤔
Three pushes up, potential double top reversal pattern, RSI at 62.00 and below the Moving Average, these are the...
Doge is failing to retest the $0.1075 level and has instead meandered sideways in the $0.9500 range. Are we in a position to short here? Long? Or simply wait on the sidelines?
How do we trade this? 🤔
We need to wait. We are still in a bull channel which means our bias ought to be long, but we have several datapoints that counter that bias.
1. Three pushes up,...
Dogecoin ripped through the $0.88 Resistance, found support on it, then blasted through the next resistance of $0.10! My previous analysis projected this outcome and successfully closed the proposed trade. Where does the Doge price go from here?
How do we trade this? 🤔
We're now zooming out to the Weekly candles to see where the next Resistance Zone is and it...
DOGE continues to march upwards in its month-long bull run and has its eye on $0.10! If you're not long yet, prepare yourself for a long entry that could return up to 50% profit. To get there, we need to assess our current risk/reward ratio and probability of profit.
How do we trade this?
In a bull channel, our bias should be toward the upside since the...
Past Performance of Dogecoin
DOGE prices are trending above Q3 2022 highs at around $0.056. Amid an uneventful price action and hesitant traders waiting for a clear trend definition, bears remain firmly in contention despite slowing down the optimistic bulls. Thus far, the primary resistance, capping buyers' progress, is at $0.066, marking September and October...
