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Weekly forecast Dogecoin technical chart
Symbol DOGEUSD

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Trade Setup

#DOGEUSDT
Total Profit: 9567 pip (51%)
Closed trade(s): 3225 pip Profit (16%)
Open trade(s): 6342 pip Profit (35%)

Trade Setup:
We opened 8 BUY trade(s) @ 0.19820 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 0.23045 touched at 2021.07.26 with 3225 pip Profit (16%).

Open Profit:
Profit for one trade is 0.20726(current price) - 0.19820(open price) = 906 pip (5%)
7 trade(s) still open, therefore total profit for open trade(s) is 906 (5%) x 7 = 6342 pip (35%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 31, 2021 - 13:00
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.08770, beginning of uptrend is expected.
  • We make sure when the resistance at 0.28955 breaks.
  • If the support at 0.08770 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.1632 on 2021-06-22 and the trough at 0.1599 on 2021-07-20, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.16 on 07/20/2021, so more gains to resistance(s) 0.23 and maximum to Major Resistance (0.29) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 0.23
  2. 0.29
  3. 0.37
  4. 0.43
  5. 0.51
  6. 0.59
  7. 0.74
Click on the level to view price action history.

Symbol Released Current Forecast
Dogecoin (DOGEUSD) Sat, 11 Sep 2021
Dogecoin (DOGEUSD) Sun, 5 Sep 2021
Dogecoin (DOGEUSD) Sat, 28 Aug 2021
Dogecoin (DOGEUSD) Sat, 21 Aug 2021
Dogecoin (DOGEUSD) Sat, 14 Aug 2021