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Weekly forecast Dogecoin technical chart
Symbol DOGEUSD
Trade Setup

#DOGEUSDT
Total Profit: 4770 pip (242%)
Closed trade(s): 1236 pip Profit (62%)
Open trade(s): 3534 pip Profit (180%)

Trade Setup:
We opened 8 BUY trade(s) @ 0.1982 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 0.2300 touched at 2021.07.26 with 318 pip Profit (16%).
TP2 @ 0.2900 touched at 2021.08.12 with 918 pip Profit (46%).
318 (16%) + 918 (46%) = 1236 pip (62%)

Open Profit:
Profit for one trade is 0.2571(current price) - 0.1982(open price) = 589 pip (30%)
6 trade(s) still open, therefore total profit for open trade(s) is 589 (30%) x 6 = 3534 pip (180%)

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.
DateNovember 15, 2021 - 23:47
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.16000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.35000 breaks.
  • If the support at 0.16000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 0.22000 on 10/27/2021, so more gains to resistance(s) 0.26000, 0.29000 and maximum to Major Resistance (0.35000) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

Take Profits:

  1. 0.23000
  2. 0.29000
  3. 0.37000
  4. 0.43000
  5. 0.51000
  6. 0.59000
  7. 0.74000
Click on the level to view price action history.
Symbol Released Current Forecast
Dogecoin (DOGEUSD) Sun, 14 Apr 2024
Dogecoin (DOGEUSD) free Sun, 7 Apr 2024
Dogecoin (DOGEUSD) free Sun, 31 Mar 2024
Dogecoin (DOGEUSD) free Sun, 24 Mar 2024
Dogecoin (DOGEUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on DOGEUSD.