In this report, dated November 30, 2021, we have prepared the technical analysis of DogeCoin (DOGE), which was performed by the famous analysts of Cryptocurrency community, and we will share it you.
Recently , Bitcoin is being traded in the range of 56 to 57.9 thousand dollars, DogeCoin is being traded today in the range of 0.2179 to 0.2146 dollars, a increase of 5.6% compared to yesterday.
Be with Cryptoleda
DOGECOIN – Breakout
It could be time that Dogecoin finally breaks out! We’ve been looking for Dogecoin to move up for some time and now it seems to be making more sense.
We had that push up late July and now we’re in an ABC correction ready for the next impulse.
– Entry with stops below the lows (0.1820)
– Target the corrective resistance as first TP (0.33) and HODL the rest
“Review by Altsignals”
DOGEUSDT in Daily Chart
We are in a daily time frame.
As you can see, the price is fluctuating below its resistance line, and if it can stabilize above the line, it can reach its target over time.
It is possible to see a pullback to hit the resistance line and a further fall.
“Review by MarsSignals”
DOGE Daily Chart (Bullish flag)
DOGE just broke the resistance, and now it’s forming a Bullish flag .
We might see some more pumps after a while of consolidation, but considering the market volumes we might touch support once more.
The market is showing Sell Volumes for Doge coin now.
Two support areas are holding the price up, and two resistance levels are pushing down on value.
“Review by ShawnMCR”
DOGE trade setup
The Idea is, if it breaks 0.236 (previous high of wave 4) I will consider buy, target 0.35, or wave i high, stop loss at 7% (my preference though)
Wave ii completed flat structure (3-3-5) which retraced to fib 0.868. IF the wave count is correct, we are in the beginning of wave iii to continue the uptrend
“Review by danuto17”
DOGE status and Conclusion
You did read about 4 analysts point of view, some of them was bullish on it! But remember this, technical analysis is not enough you have to check the news too, you have to check the leader coin (Bitcoin), Then you can clearly see what will happen next. Remember Doge coin is a meme coin! so don’t invest too much on it.
Thank you for your time! if you have any idea about DOGE you can comment down below.
Disclaimer: None of these Analysis is not Buy or Sell DOGE recommendation, And this article is just for educational purposes so please just use this article for validating your own technical analysis.