Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15
DOGE/USD Long-term Trend: Bullish
Dogecoin has been in a downtrend. The altcoin dropped sharply from a high of $0.739 to a low of $0.357. Presently, the coin is finding support above $0.350 support. The upward move will resume if the current support holds. Meanwhile, on May 8 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. This Fibonacci retracement indicates that DOGE will rise to level 2.0 Fibonacci extension or the high of $1.299.
Daily Chart Indicators Reading:
DOGE price has fallen to level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The crypto’s price is above the moving averages despite the recent downtrend. There is a possibility of upward movement.
DOGE/USD Medium-term bias: Bullish
On the 4 hour chart, the DOGE price is in an uptrend. It is currently facing rejection at level 0.70. Nevertheless, on May 5 uptrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.272 Fibonacci extension or the high of $0.77 and reverse. From the price action, DOGE/USD has reversed from the high of $0.730 and plunged to the low of $0.350.
4-hour Chart Indicators Reading
DOGE is below the 50% range of the daily stochastic. The coin is in a bearish momentum. The crypto’s price is below the SMAs which suggests that the coin may further decline on the downside. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.
General Outlook for Dogecoin
DOGE price is falling to revisit the previous low at $0.350. According to the Fibonacci tool analysis, the market will decline to 1.618 Fibonacci extension or the low of $0.22. Presently, DOGE has fallen to $0.41 low.
You can purchase crypto coins here: Buy Coins
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Min Deposit
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus