Dogecoin to the moon?
This digital currency has been around 2013, and they originally started it as a meme(joke), featuring a Shiba Inu dog on it's coin.
Recently, it was pushed around 800%. This happened when there was a war between hedge funds and Redditors. It again got dumped from the peak, but it seems that it has still potential to reach the moon.
Dogecoin...
Dogecoin performed a negative momentum on Tuesday’s trading session
Dogecoin price is $0.03396, which is down by 15.19% in last 24 hour time-frame and 311.20% up from the previous week
DOGE/BTC pair is negative with a loss of 4.81% in Tuesday’s trading session (0.00000099)
themarketperiodical.com
Dogecoin performed a positive momentum on Saturday’s trading session
Dogecoin price is $0.03349, which is down by 38.33% in last 24 hour time-frame and 259.43% up from the previous week
DOGE/BTC pair is negative with a loss of 26.87% in Saturday’s trading session (0.00000098)
themarketperiodical.com
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.
While 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...
Technical 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...
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 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...
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...
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...
