DOGEUSD - Nice looking potential breakout and upside

2 сент. 2021 г.

-Price is trending up.
-Triangle formed and price may be breaking out of it to the upside (watch for strong daily candle close with some volume behind it).
-Hidden Bullish Divergence showed up on RVGI.
-MACD is about to head positive.
-RSI has plenty of room to move up into overbought territory.
-Fib extension shows upside potential of about $0.40.

Potential barriers:
-If BTCUSD or ETHUSD sell off, this could affect DOGEUSD.
-It seems we often don't get a re-test on breakouts, so missing a big, fast move is possible.
-There's local resistance around $0.35 that price needs to overcome, in order to reach the $0.40 target.

Good luck, and have fun.

Note: Don't trade based on my ideas. They're worth exactly what you paid for them. I'm fairly new to this, and my charts are for my own entertainment, education, and record keeping.

2 сент. 2021 г.

Заметка

-Price is now re-testing the top of the triangle for support. $0.31 resistance has been tested twice so far. This is good to watch on the 30 minute or 1 hour chart.

2 сент. 2021 г.

Заметка

RSI and Stochastic RSI appear to support another attempted upward move.

2 сент. 2021 г.

Заметка

-More Hidden Bullish Divergence (a sign of potential upward continuation) on the 1 hour chart.

2 сент. 2021 г.

Заметка

-The Simple Moving Averages are sorting themselves out (looking better for continued uptrend).

2 сент. 2021 г.

Заметка

The current daily candle isn't encouraging, but the Wyckoff Trend Tracking Oscillator appears to have made the turn and is sending a more bullish signal. I just want to see some strong buying volume now and a strong daily candle or two.

10 сент. 2021 г.

Заметка

Breakout but failed hard on the re-test (thanks Bitcoin).