Bottom done in DOGECOIN??After 800% move doge came for a correction, now we can see the volumes drying up and formation of a triangle pattern.
Is it a dip or a fall, lets keep watch.
DOGEWBNB_1EF315.USD trade ideas
Dogecoin (DOGE) Analysis: Dogecoin Gains of 123% In A WeekWhile looking at the Dogecoin weekly chart, it has a resistance of $0.0107 with the support level of $0.0061. The price is currently hovering near the resistance level and struggling to give a breakout to form a bullish trend again.
Concerning the Moving Average Convergence Divergence (MACD), the levels intersected the signal line on Wednesday's trading session and moved very close to it. The histogram also started to form tiny green bars Intimating that the trend remains bullish.
According to the Relative Strength Index (RSI) 55, indicating coin is in a sideways phase. A short ascending parallel channel is visible in the index. Suppose it gets close to the value of 70, which is an overbought zone. One can see a positive trend again.
The Schaff Trend Cycle (STC), 98.43, also indicated a buying signal in the coin on Wednesday's trading session which is also a positive sign for the buyer's and the coin can move upwards.
A trading opportunity to buy in DOGEUSDTechnical analysis:
. Dogecoin/USDollar is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00230000 to 0.00183000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00230000)
Ending of entry zone (0.00183000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00300000
TP2= @ 0.00390000
TP3= @ 0.00470000
TP4= @ 0.00581200
TP5= @ 0.00691500
TP6= Free
A trading opportunity to buy in DOGEUSDTechnical analysis:
. DOGECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0023 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0023)
Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0031
TP2= @ 0.0039
TP3= @ 0.0047
TP4= @ 0.0059
TP5= @ 0.0074
TP6= @ 0.0101
TP7= Free
A trading opportunity to buy in DOGEUSD Technical analysis:
. DOGECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0026 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0026)
Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0039
TP2= @ 0.0047
TP3= @ 0.0059
TP4= @ 0.0074
TP5= @ 0.0101
TP6= @ 0.0183
TP7= Free
DOGEUSD ,TP3 hit with 1425540 profit. New Buy Opportunity...DOGECOIN/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
There is still possibility of temporary retracement to suggested support line(0.0038), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 6 BUY trade(s) @ 0.00002473 (day close price) based on reversal candle ( Hammer ) at 03.19.2018 .
Total Profit: 1425540
Closed trade(s): 362740 Profit
Open trade(s): 1062800 Profit
Closed Profit:
TP1 @ 0.0043 touched at 04.13.2018 with 126370 Profit.
TP2 @ 0.0054 touched at 04.18.2018 with 236370 Profit.
126370 + 236370 = 362740
Open Profit:
Profit for one trade is 0.00569330(current price) - 0.00303630(open price) = 265700
4 trade(s) still open, therefore total profit for open trade(s) is 265700 x 4 = 1062800
All SLs -5.94% -5.94% moved to Break-even point.
Take Profits:
TP3= @ 0.0074
TP4= @ 0.0101
TP5= @ 0.0183
TP6= Free
Technical analysis:
DogeCoin/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 72.
Looking at bearish DOGE?I think we are looking at a possible breakout at the support. Probable bearish trend!
