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Weekly forecast Dogecoin technical chart
Symbol DOGEUSD
Trade Setup

#DOGEUSD
Total Profit: 504 point (72%)
Closed trade(s): 0 point Profit
Open trade(s): 504 point Profit

Trade Setup:
We opened 12 BUY trades @ 0.0705 based on 'Valley' entry method at 2023-03-12.

Open Profit:
Profit for one BUY trade is 0.0747(current price) - 0.0705(open price) = 42 point (6%)
12 trade(s) still open, therefore total profit for open trade(s) is 42 (6%) x 12 = 504 point (72%)

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.

DateMarch 25, 2023 - 12:35
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.04920, beginning of uptrend is expected.
  • We make sure when the resistance at 0.15900 breaks.
  • If the support at 0.04920 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.0625 on 03/10/2023, so more gains to resistance(s) 0.0793, 0.1000, 0.1100 and maximum to Major Resistance (0.1590) 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 49.

Take Profits:

  1. 0.0793
  2. 0.1000
  3. 0.1340
  4. 0.1590
  5. 0.1957
  6. 0.2345
  7. 0.3070
  8. 0.3517
  9. 0.4480
  10. 0.5901
  11. 0.7360
Click on the level to view price action history.

Symbol Released Current Forecast
Dogecoin (DOGEUSD) new Sat, 18 May 2024
Dogecoin (DOGEUSD) Sun, 12 May 2024
Dogecoin (DOGEUSD) free Sun, 5 May 2024
Dogecoin (DOGEUSD) Sun, 28 Apr 2024
Dogecoin (DOGEUSD) Sun, 21 Apr 2024