DOGE/USDT : Is doge going to break above $1 ?

28 באוק׳ 2021

DOGEUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

As my last meme coin's analysis on #SHIBA went wrong, I don't want to do TAs on them anymore, But this one; have some good factors to know...
#DOGE has broke above the symmetrical triangle with 380% measured high !
Which means that #DOGE can surge more 380% again... So the target will be around ~$1.
📍 But we need more confirmation for TA based on meme coins, Let have some more bullish factors then 👇🏼
- Broke above the symmetrical triangle and retests it.
- Breaking above the breaker line on current daily candle.
- Successfully retraced to 61.8% FIB's level.
- Broke above the parallel channel in LTF.
- Hold above daily order block support and retests it 2 times.
- MACD's histogram has gained volume and signal line has broke above the bullish zone.
- Volatility has surge above the sell limit zone after 26 days.
- RSI is moving above 50.
- Current daily candle is holding above the VPVR's POC.
- EMA200 is supporting movement from below.

As you can see most of the major factors are bullish for #DOGE, But it's early to sit on the bulls side; #DOGE needs to break above the current resistance zone as a confirmation for bulls to enter the market after a retest on broken zone !
Also Based on FIB extension's levels and FIB retracement's levels, #DOGE has retraced to 61.8% FIB's level and now the targets will be $0.8403 and $1.0115.

📌 Also based on indicators and oscillators chart :

As I mentioned higher on the bullish factors, Most of the oscillators are suggesting that #DOGE have the room to growth.
- MACD : Bullish histogram and gaining volume on it recently, Also signal is now moving in bullish zone.
- RSI : Moving at 66's rate and shows that bulls have the upper hand.
- Bollinger Bands : Pair didn't reached the higher line yet, Also RSI have the space to retest the higher too !
- Volatility : Surges above the sell limit zone after 26days and we expect the same impact on buy limit zone.
- VPVR : #DOGE is holding above the POC with current daily candle and the next daily candle close above the POC can confirm the bullish bias.
- EMA200 : Moving below the movement and supporting #DOGE for 18 days up to now.


📚 Conclusion :
#DOGE has broke above the symmetrical triangle and the target for the triangle's high is located above $1 !
Bulls need to conquer the higher resistance zone before any major upward movement.
Swing traders and Positional traders can enter after the breakout above the mentioned zone.
- Invalidation will be a close below the mentioned zone after taking position.

🔴 Any 2 candles close below the blue tagged support zone, Will cause a 35% retracement for #DOGE till the lower daily bullish order block !

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades