DOGEUSDT_89DA41 trade ideas
💡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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Don't miss the great buy opportunity in DOGEUSDT @ dogeLONG TERM opportunity levels for DOGE
Trading suggestion:
. There is a possibility of temporary retracement to 0.159$ (Fibb Golden pocket)
. traders can set orders based on Price Action and expect to reach short & long term targets.
Technical analysis:
. 1 Buy at 0.159$
. 2 Buy above 0.283$ zone leads more upside.
Take Profits:
TP1= 0.383$
TP2= 0.45$
TP3= 0.74$
TP4= 1.10$
TP5= 2.50$
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DOGEUSDT Technical Analysis
Very clear downtrend on the 1 hour time frame. After the price broke below the Support and got out of the Triangle with a long big red candle it's expected to go lower to 0.25 and even lower to 0.225. there might be a pullback which might happen at the Resistance line of the triangle. but most likely it will go lower.
Have a Profitable Day
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DOGEUSDT small growth is possible.As we can see on June 1, the price broke through the resistance level of $ 0.36 (which later became a support level) and rushed to $ 0.43. Having bounced off the resistance level, the price again rushed to the support level, but after testing it on June 4, the price went up again. If the price breaks the resistance level of $ 0.43 and fixes it, growth is possible. We'll find out soon.
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