Alikze »» BABYDOGE | Wave 3 or C scenarioIn the previous analysis, we saw a 50% growth.
But it is currently facing selling pressure in the supply zone, which we expected to move up to the specified zone according to the survey.
💎 Now, according to the structure and behavior of the current movement, it is in wave 4 of 3.
💎 Therefore, if the demand area does not break down and in the range of 0.000000001864 the support area faces renewed demand, we will expect a break in the supply area for the targets of 1.618 and 0.000000002900
💎 So if this movement path is realized, it will have the ability to reach the specified supply area.
💎 If the support box area is broken, the specified movement path will be invalid and must be re-examined and updated.
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DOGE-1
HOW CAN YOU BE BEARISH?? DOGEWhen you are in doubt, zoom out. Always. You need to have a plan and here the plan is simple: buy the dip and hold. Dogecoin is NOT BEARISH and will not drop to new lows. As you can see, chart is clear. One year bearish phase, followed by two years accumulation phase. We have just come out from the bearish phase and we have around 10 months of bulls. We will probably see new ATH before 10 months, and if you are bearish, please, just scalp like I do sometimes
Meme Coins Up Next? Doge DogecoinWill Elon lean into Dogecoin like Roaring kitty(Keith Gill) leaned into GameStop( NYSE:GME )? Meme Stocks are taking off again. What about the meme crypto coins? Is it time to start looking into crypto trades? Doge is finding support at the 200 and 100 EMAs. Doge just needs to breakout to the upside. Doge is one to watch. If you are not into direct crypto, look into Coinbase( NASDAQ:COIN ) stock, bitcoin ETFs or Meme crypto miner stock.
$DOGE Set for 3,000% Surge Dogecoin Set for 3,000% Surge
Dogecoin, the leading meme cryptocurrency, is positioned for substantial growth. Although similar predictions have previously triggered FOMO (Fear of Missing Out) among investors, this time the potential upside appears more imminent.
Key Points:
Cycle Pattern: Dogecoin exhibits a distinct cycle pattern. It often remains flat for extended periods before breaking out and surging parabolically. Investors can either buy during the pump, taking a higher risk as momentum may soon decrease, or purchase during downturns and hold until the next significant surge, maximizing returns. The latter strategy presents today's opportunity.
Memes on the Rise: As new meme coins emerge, investors hope for significant gains. However, Dogecoin remains the most established and reliable meme coin, making it a safer bet for substantial returns.
Elon Musk's Endorsement: Elon Musk has indicated that Tesla will accept Dogecoin. Additionally, Dogecoin is set to be integrated into X.com, Musk's major social media platform. Notably, Dogecoin is the only cryptocurrency held by Musk, the world's richest person, underscoring its potential.
DOGEUSDT.1DAnalyzing the DOGE/USDT daily chart, I've drawn several observations based on the displayed technical indicators and price patterns:
Support and Resistance Levels: The current price of Dogecoin is oscillating around $0.14596, which is slightly above the support level (S1) at $0.13777. The next significant resistance levels are R1 at $0.16548 and R2 at $0.21101. The support and resistance levels are crucial for predicting potential turning points or continuation of the price trend.
Price Patterns: The chart exhibits some consolidation after a drop, indicating indecision in the market. This consolidation near a support level could suggest that buyers are beginning to see value, potentially leading to a price rebound.
Technical Indicators:
Relative Strength Index (RSI): The RSI is near 50, which generally indicates a neutral market condition. This positioning suggests that the price could swing in either direction, depending on market dynamics.
Moving Average Convergence Divergence (MACD): The MACD is relatively flat and close to the zero line, indicating a lack of strong momentum in either direction. This could suggest a period of sideways movement or the potential for a trend shift if a catalyst occurs.
Trading Strategy: Considering the price is near a significant support level, this might be seen as a buying opportunity for those speculating on a rebound towards R1. However, it's essential to set a stop-loss slightly below S1 to protect against a potential break lower, which could see the price moving towards S2 at $0.12214.
Risk Management: Effective risk management is critical given the uncertain market conditions indicated by the RSI and MACD. Traders should ensure their trading plan includes predefined risk parameters, adjusting position sizes and stop-loss orders to manage potential downside.
Conclusion: DOGE/USDT presents a moderate risk opportunity with the price near key support. A bounce off this level could offer a short-term trading opportunity with a target at R1, while a break below could lead to further declines. Given the flat MACD and neutral RSI, traders should remain cautious, monitoring for any changes in volume or news that might influence price direction. This approach ensures preparedness for both potential upward movement and continued downside risk.
The Wick Phenomenon: How and Why Big Wicks Get FilledIn trading, wicks on candlestick charts represent the highest and lowest prices during a given time period. Long wicks can often be seen as a sign of market indecision, but they also tend to get filled by subsequent price action.
This phenomenon occurs frequently and can provide valuable insights for traders looking to capitalize on price movements.
In this article, we’ll explore how and why big wicks get filled through practical examples.
Understanding Wicks and Their Significance
Wicks, also known as shadows, appear on candlestick charts when the price moves significantly above or below the opening and closing prices within a specific time frame.
A long upper wick indicates that prices were pushed up but then fell back down before the close, showing selling pressure.
Conversely, a long lower wick suggests that prices were driven down but then recovered before the close, indicating buying pressure.
Usually, at least 50% of the wick will be filled, and sometimes the entire wick will get filled before the reversal happens.
Why Do Wicks Get Filled?
1️⃣Market Psychology: Traders often see long wicks as areas of interest. For instance, if the price reaches a high but then falls, traders might anticipate a retest of that high.
2️⃣Liquidity Zones: Long wicks indicate areas where a lot of trading activity took place. These areas are often revisited as the market seeks liquidity.
3️⃣Mean Reversion: Prices tend to revert to their mean over time. A wick can be seen as a deviation from the mean, and the subsequent filling of the wick is part of the reversion process.
How To Trade It?
It all depends on your trading plan.
Here are some options:
Aggressive traders can buy/sell immediately after the wick has been formed.
Semi-conservative traders can look for a reversal pattern on a lower timeframe to confirm it.
Extra conservative traders can wait for the candle with the wick to be broken from the other side before entering.
Additionally, considering more confluences like key levels, market structure, and the overall trend will give you a better edge.
Why Now?
You might be wondering why I am posting this article now.
As you may have noticed, we had a dip yesterday, giving us a practical example on many altcoins and stocks. For this example, I have chosen DOGE, 4H chart.
I hope you like the content and found it useful.
Are you taking wicks into consideration in your trading plan?
If yes, how?
If not, why?
What would you like me to discuss next?
Always remember:
📚 All Strategies Are Good; If Managed Properly!
~Richard Nasr
$DOGE inverse H&S to send price up 30%+First off, this is a high risk move because of my competing thoughts w/ BTC having a big move lower soon.
But as you can see from the chart, price has formed an inverse head and shoulders and is in the process of breaking out. Should price be able to sustain above the trendline, then it's likely that we see the upper resistance get hit.
I think the move would need to happen in the next few days. If it doesn't play out by Sunday (and potentially even soon, I'll cut my long).
Let's see.
Honestly, I don't feel like explaining because the chart says itHi.
BINANCE:DOGEUSDT
DOGE is testing the top of symmetrical triangle on Daily timeframe
Up We Go if we manage to break upwards🐃
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 AB=CD
🟢symmetrical Triangle
❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Dogecoin (DOGE) Technical Analysis and Trade IdeaDuring the recent rally, Dogecoin (DOGE) exhibited significant bullish momentum. In our video analysis, we explore a potential buy opportunity, provided that price action aligns with our entry criteria. Let’s closely examine the 1-hour chart:
Market Structure Breakout: The previous bearish trend has been disrupted by a bullish breakout in market structure.
Long Bias: While my bias leans toward a long position, it remains contingent on price action developments retracing into my Fibonacci zone, as outlined in the video.
Please keep in mind that this content is for informational purposes only and does not constitute financial advice. Make independent trading decisions based on your risk management strategy. 🚀📈
Could we get better position to enter?This is my idea of how DOGE will go in near future. I think DOGE is still consolidating like BTC, looks like we might see little pullback to 0.12-0.13 area. That means completing 5 waves of Elliot wave theory. 0.13 might sound awful for those who invested in, but if DOGE ever hit 0.12 area again that means checking that area 3rd time and its gonna be huge confirmation to go up, maybe even higher high. Unless DOGE could close candle above 0.18 in 1D and 1W timeframe it is most likely to go down before the big impulse.
DOGE Ready for next expansion stage. Happy Monday traders!
Today we are taking a look at the All Time History of DOGE coin. Before we look at eh price action of DOGE lets take a trip down memory lane and give you some history of this coin.
Doge: Much Coin, Very History
Doge, in internet meme culture, refers to a photo of a Shiba Inu dog with multicolored Comic Sans text captions representing the dog's thoughts. This meme became wildly popular in the early 2010s, inspiring. Yet, most have never looked up the true meaning of the word DOGE.
Dogecoin (DOGE), launched in December 2013 by software engineers Billy Markus and Jackson Palmer. It was created as a lighthearted parody of the seriousness surrounding Bitcoin and other cryptocurrencies at the time. They built Dogecoin using Litecoin's open-source code, which itself stemmed from Bitcoin.
Dogecoin quickly gained a loyal following, especially on sites like Reddit, where it became a popular tipping currency for content creators. Despite its comedic origins, DOGE achieved surprising success. Here are some milestones:
Instant popularity: Over a million visitors flocked to Dogecoin.com within the first month.
Community focus: Dogecoin fosters a fun and inclusive online community, a stark contrast to some other cryptocurrencies.
Elon Musk effect: Celebrity endorsements, particularly from Elon Musk, have caused the price of DOGE to fluctuate dramatically.
Highs and lows: In 2021, DOGE reached a peak market capitalization of over $85 billion, but its value remains volatile.
DOGE Definition: The chief magistrate in the former Italian republics of Venice and Genoa, known as the Doge (pronounced DOZH), held a complex and multifaceted role. Fun fact, Coins minted by the republic often featured the Doge's image or an abbreviation of their name. This served as a symbolic stamp of approval and helped ensure public trust in the currency.
Today, Dogecoin remains a prominent cryptocurrency, though its price is significantly lower than its 2021 highs it may be repeating its historical gains very soon. Whether it's intention was to be a serious contender in the future or a lasting internet joke, DOGE's place in crypto history is secure.
What do the charts say
Looking at the all time history of this coin we can see that the price action has created two previous run ups producing over 21,000% gains between 2015 and 2017 and again reaching for the sky and touching over 50,000% gains during the 2020/2021 crypto bull market.
Each cycle DOGE has nearly mimicked its prior cycles bear market, accumulation period and eventually, a mind melting bull run. As you can see on the chart we have completed the bear market and are currently breaking out of accumulation.
My personal Targets for DOGE are $4.20, $10.10 and $12.00. If Doge did just half of the gains it did last run it would reach a total of over $12. With rumors shooting around the internet that Elon may add DOGE as the local currency for the X platform and this being a real possibility, I think it is counterproductive to think these type of gains are not in the cards.
Much profits,
Savvy
DOGEHi guys
Considering the consumption of the specified range, the probability of reaction to the specified price range is very high.
On the higher time frame, the probability that a higher ceiling will be formed compared to the previous ceiling is very weak.
As a result, our bullish view is short-term for now.
What do you think?
DOGE/USDT descending channel breakout? bullish rally💎 Paradisers, #DOGEUSDT has broken out from its descending channel trajectory, raising the question: will this lead to a continuation of the uptrend, or does uncertainty loom for sellers? Let's explore the possible outcomes.
💎 Notably, #DOGE has climbed above both the descending channel trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This ascent indicates a strong bullish control, suggesting that the uptrend may continue. Currently, we anticipate a strong bullish movement if the price can maintain its momentum in the demand zone at $0.15975.
💎 However, if #DOGE fails to sustain this momentum and falls below the demand zone, we may see a bullish rebound from a slightly lower demand level at $0.15756. Should it break below this level, a significant downward movement could be triggered.
MyCryptoParadise
iFeel the success🌴
DOGE TM : 1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
FOXY THE NEW MEME RACE --> INTERESTING TIMES SEEMS TO STARTHello traders,
BTC the main coin is in a stable trend, which means more coins are stable and have low market movement.
FOXY Shows an exciting start trend of a high possibility of a new HYPE start.
Some confirmations show that FOXY can soon enter into new increased volume, which is at this moment since the last time frames are building.
In the coming days, FOXY should show us if it's the start hype coin for the future time as the data shows.
This is not a trading or finance advice.
Trade only depends on your plan and what has worked consistently.
This chart will get updates, follow the last updates here below.
DOGEUSDT.1DHere’s my detailed technical analysis of the DOGE/USDT daily chart:
Price Action and Structure:
The DOGE/USDT chart is demonstrating a pattern of ascending lows, indicative of a bullish sentiment in the formation of an ascending trendline. The chart’s structure with ascending trendline support suggests that buyers are incrementally willing to buy at higher prices, a positive signal in market sentiment.
Technical Indicators:
1. RSI (Relative Strength Index): The RSI stands at 54.37, which suggests moderate bullish momentum as it is above the neutral 50 mark but not yet into overbought territory. This positioning allows for potential upward movement without immediate pressure from an overbought correction.
2. MACD (Moving Average Convergence Divergence): The MACD is slightly above the signal line but very close to the zero line, indicating a lack of strong momentum. This scenario typically calls for cautious observation as it could imply potential for either direction, but the current slight bullish crossover can be seen as a tentative bullish signal.
Support and Resistance:
• Support (S1 and S2): Support at $0.12157 (S2) is critical. If the price maintains above this level, it may consolidate and attempt an upward movement. However, breaking below could lead to a test of lower support levels.
• Resistance (R1 and R2): The immediate resistance at $0.17569 (R1) needs to be watched. If the price can break and hold above, it would target the next resistance at $0.21158 (R2), indicating a significant bullish trend strength.
Projection and Strategy:
The projection on the chart anticipates a bullish move towards R1. If DOGE/USDT can maintain the ascending trendline, it could potentially approach and surpass R1, aiming for R2. A strategic approach would involve buying near support levels with a tight stop loss below the trendline to manage risk, while selling near resistance levels or holding if a breakout above R1 is observed with significant volume and momentum.
Conclusion:
DOGE/USDT is showing promising signs of a bullish continuation if it can uphold the ascending trendline support. Monitoring the price action near the support and resistance levels, along with the accompanying volume and indicator signals, will be crucial in confirming the trend’s strength and sustainability. As always, keeping an eye on overall market sentiment and news specific to Dogecoin will also be important in shaping the trade approach.
$DOGE analysis and trade IdeaLast time few months back I had asked to long BINANCE:DOGEUSDT when everyone was calling it for zero , the idea is still on my profile. Good profits from that trade , I expect doge to break new highs pretty soon in coming days , due to consolidation (bullish consolidation) and also the news of BINANCE:DOGEUSDT
More over on BINANCE:DOGEBTC pair we can already see CRYPTOCAP:DOGE resting on 2 important levels , one is weekly support and other is 200 EMA , both conclude my bullish bias
DOGE will bounce againEarlier, we got a nice swing on Dogecoin.
In my opinion, the green range is a powerful range.
Now we can again look for buy/long positions on the green range.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You