DOGEUSDT.3S trade ideas
Doge BreakoutWell we all know that doge is a meem coin in crypto world/So Doge is forming a bullish patte BITFINEX:DOGEUSD rn in 1Hr's Time frame so i will Long at retest And Chase A Excellent Profit. BITFINEX:DOGEUSD
DOGE forming peanut in Daily Chart, Expecting Breakout soon.Peanut is a trend continuation pattern, where the price's upper trend line & bottom trend line forms a peanut shape (as I shown in the picture) and volume needs to be decreasing. Higher chances is to breakout above, but there is always possibility to trade go wrong. #DYOR #NFA
Doge Coin 1H long tradeMarked candle was my entry trigger to go long, (Hammer at trendline). Will monitor price and volumes when it touches the trendline resistance marked. If it pushes through with good volume will hold onto trade. If bearish candle forms on 15 min tf will close trade and book profit
💡Don't miss the great buy opportunity in DOGEUSD @dogecoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.21696).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 80 .
Take Profits:
TP1= @ 0.25055
TP2= @ 0.28373
TP3= @ 0.32938
TP4= @ 0.37888
TP5= @ 0.44872
SL= Break below S2
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💡Don't miss the great buy opportunity in DOGEUSD @dogecoin
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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Trade well, ❤️
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