Dogeusd
DOGE exiting earth's atmospherejust for fun. Update of the previous analysis. Dynamic Res and Sup on watch, but this DOGE could do everything.
Holding long with . 05 pmc.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Dogecoin (DOGEUSD) Peaked!? Are You Ready To Feel The Crash?Looks like Dogecoin (DOGEUSD) has gone up for a while now printing massive growth...
We have multiple bearish signals starting to develop on this chart.
Today, we can see DOGEUSD moving below EMA10.
EMA21 has already been tested as support... The next time it is hit it is likely to break.
We have bearish divergence with the RSI, same on the weekly timeframe.
Where is the next support?
First, we look for $0.294 followed by $0.193...
How far down can it go if it does crash?
This can vary depending on how the market behaves, the bearish signals can even be invalidated...
With that said, when I look at DOGEUSD weekly, prices can drop as low as $0.09 but it is too early for that...
Let's continue.
The daily MACD:
And the RSI (bearish divergence and broken trend line support):
We will see Bitcoin move higher as Dogecoin corrects and move lower.
That's my prediction... What's yours?
Share it with us in the comments section below.
Alan Masters.
This is not financial advice.
Namaste.
Dogecoin (DOGEUSD) Analysis 4h Timeframe (Feel The Crash Pt.2)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 can repeat in the coming days.
Now, we can see prices trading below EMA50 and also EMA100, which is the blue line on the chart.
If prices close below EMA100 or $0.4625, this can lead to lower prices.
The next support level will be sitting first at $0.3662 followed by $0.301 or EMA300, which is equivalent to EMA50 daily at around $0.29/$0.30.
This is no big deal.
Market corrections are normal and see what happened back in April.
After EMA200 was tested as support, DOGEUSD bounced and continued on its way up.
Right now we have the RSI becoming weaker than it was before.
The MACD is below zero and showing a bearish cross.
The current 4h candle is still active and its price can reverse...
We stay bearish on this pair below EMA50 ($0.5132), we expect lower prices unless the market conditions change.
We are aiming lower...
What's your take?
Share with us in the comments section below.
Namaste.
P.S. Check the related trade ideas below for past charts on DOGEBTC.
#QUICKHEAL #IT #ML #IOT #CNXIT #TECH #NIFTY #BANKNIFTY #NIITLTD #QUICKHEAL
NSE:QUICKHEAL
CMP 193.10
Target 225++
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Might blast to more than 225++
Super Bullish on this stock.
From Rachit Sethia with 💚