DOGEyyy-Doo, Where Are You🐕

19 ott 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📉 DOGE has been overall bearish trading inside the falling red channel and it is currently approaching the lower bound / red trendline.

Moreover, the 0.05 - 0.055 is a strong demand zone.

🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.

📚 As per my trading style:
As DOGE approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

🔎 From a long-term perspective, for the bulls to take over, we need a break above the last major high around 0.084 highlighted in blue.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

15 nov 2023

Nota

As per my last analysis (above), DOGE rejected our 0.055 support zone and traded higher.



For the bulls to remain in control, and take over from a long-term perspective, we need a weekly candle close above the last major high highlighted in blue at 0.084.

Meanwhile, the bears can still take over for one more correction.