Dogecoin has repeatedly reacted to its long-term support line on the weekly time frame. In the new bullish rally that happened after the purchase of Twitter by Elon Musk ,the price rise to the top channel and now the price has rejected to the local support level . If Dogecoin payment is activated on Twitter, the price can break the long-term resistance line and...
After the purchase Twitter by Elon Musk ,we saw that the long-term bearish trend line of dogecoin was broken upwards. An ascending triangle pattern is formed in the 4-hour time frame. If this pattern is broken upwards, the price will increase as much as the height of the triangle.
A long resistance line formed at the weekly time frame. This resistance line was broken up by the weekly candle on March 21,2022.According to the technical patterns,we expected the price to rise up to 35 cents after this event,but this did not happen due to the increase in interest rates by the federal reserve and the widespread collapse of financial...
In the four-hour time frame,the Cup and Handle pattern is beautifully formed.According to this pattern,the price should rise to 24 cents,which is better adjusted slightly due the heavy resistance in the 21-cent price.
A strong resistance line is formed in the 4-hour time frame.In the range of 13.3 cents,there is a strong support line,which is quickly rejected every time the price hits it.TP1 and TP2 will be accessible if the resistance line is broken upwards.If the support line is broken down,the price decreases by the height of the triangle.
In the weekly time frame,doge coin is in the descending channel.At 10.65 cents,equals the channel mid line,a strong support line has formed.At 21.43 cents,which is equal the top line of the channel,a strong resistance has formed.This resistance line will coincide with the arrival of the Ichimoku Cloud in the coming weeks.
The price of dogecoin has fallen below the 200-day EMA since November 17,2021.Now the daily time frame,the Cup and Handle pattern as well as the Inverse Head and Shoulder pattern have been formed,both of which support the price increase.The GIOM model is an indicator that supports this uptrend.Based on this index,doge immediate resistance level is a weak...
In the four-hour time frame,a Double Bottom Pattern is formed.Based on this pattern,the price will increase by the amount specified on the chart.
In the daily time frame,the Cup pattern is beautifully formed.According to this pattern,the price should grow to the depth of the cup.the price target is specified on the chart.
n this analysis, Gann Box is used to examine the path of dogecoin price increase.Horizontal lines show resistance upwards to increase the price.Two important resistances,one at 26.51 cents and the second at 34.83 cents.The vertical lines in this pattern indicate important times at which the chart trend may change
Death cross is a graphical pattern in technical analysis that shows the potential for high sales and lower prices.The death cross appears in an asset or index chart when the short-term moving average, the long-term moving average breaks it and goes lower.It has been 120 days now that the 50-day EMA has broken the 200-day EMA downwards.To start a bull market, the...
In the weekly time frame for Doge/Bitcoin currency pair,a descending triangle pattern is formed.there is a high probability that this triangle will break upwards and the bulls will win.Especially if a peace treaty is signed between Russia and Ukraine.
In the 4-hour time frame,a Symmetrical Triangle pattern is formed.If the triangle is broken upwards,the targets indicated on the chart will be available.Achieving this targets will be very likely in the event of a peace agreement between Russia an Ukraine(A wish that we all love).
Many people would like to know what the price of dogecoin will be at the end of 2022.Certainly no one knows the exact answer to this question.But due to the war in Ukraine and the sharp rice in oil prices, the economic growth of the world will slow down.More reasonable targets should be set for the growth of digital currency prices.On the other hand , President...
A Falling Wedge pattern can be seen in the weekly time frame.As we know,this pattern is an ascending pattern and in final confirmation , the price will increase at least to the the value displayed on the chart.Given the state of Ichimoku cloud ,the best time for this price increase is April 2022.
Hello dear friends, let's take a closer look at the Doge chart in daily time frame.Since May 19, 2021, a strong S1 support line has been formed, which has been rejected upwards every time the price hits it.It is possible that the price will test the S1 level once again on the way to increase.The R1 line, which used to be a strong support in 2021, has now become a...
Dear friends,lets take a look at the doge coin chart in the 4-hour time frame.I have used EMA-50 and EMA-200.As you can see in the chart,every time the EMA-50 breaks the EMA-200 upwards,a significant price increase is observed.After the first golden cross in August 2021,the price has increased by 63% in less than e week.After the second golden cross in October...
In the 4-hour time frame,a symmetrical triangle pattern is formed.If the triangle is broken upwards,the price will increase to the value specified in the chart.