With break patternHere is an analysis of the Dogecoin (DOGE/USDT) chart📊
Key Levels:
1. Support Base : Around 0.09371 USDT , this area acts as a significant support where the price has previously bounced back. 🛡️
2. Resistance Levels :
- The chart shows 0.10791 USDT (marked as TP-2) acting as a resistance point, which has been tested several times. ⚔️
- Higher target levels (TP-3 at 0.11360 and TP-4 at 0.12016) indicate potential for bullish movement if the price continues upward. 📈
Pattern:
- Again Pattern : The chart highlights an "again pattern," suggesting a potential repeating price structure near the 0.10791 USDT resistance zone. This could be a reversal or rejection point. 🔄
- Trendlines : A downtrend is drawn from the top near the resistance, connecting lower highs, making it a critical point to watch for a breakout. 📉
- Consolidation : Price seems to be consolidating near the trendline, which typically indicates a potential breakout. 🔍
Potential Strategy:
- Entry Point : Current price around 0.10223 USDT shows consolidation near a key trendline. A breakout above this trendline could signal a bullish move. 🚀
- Risk/Reward : The suggested "Save profit in R/R=2" indicates a risk-to-reward ratio of 2:1, targeting higher levels (TP-1: 0.10541, TP-2: 0.10791). 💰
- Stop Loss : The red zone around 0.10059 USDT indicates a stop-loss area, below the current consolidation, protecting against downside risks if the price fails to break out. ❌
Conclusion:
This chart presents a bullish outlook if Dogecoin breaks above the trendline. A potential breakout could lead to targets near 0.10791 USDT or higher. However, caution is necessary if the price drops below the 0.10059 USDT stop-loss level. ⚖️
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📊 Analysis by AhmadArz
🔍 Entry : 0.1035
🛑 Stop Loss : 0.1005
🎯 Take Profit : 0.1054, 0.1077, 0.1136, 0.1201, 0.1260
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🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz."
💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets.
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DOGEBTC
DOGE Price Analysis Dogecoin (DOGE) Analysis
Dogecoin (DOGE) has been consolidating after a significant decline from the $0.14373 level down to a low of $0.08019. The price is currently hovering around the $0.10587 mark, just below the resistance zone (Green) at $0.10800 - $0.11099, with the downward trendline still intact.
The price is trading under the descending trend line for approximately 31 days. The price has to break above from this descending trend line and resistance zone (Green) at $0.10800 - $0.11099 for moving upwards.
Despite some recovery from the lows, DOGE is struggling to break through the resistance zone (Green) at $0.10800 - $0.11099 , indicating that buying pressure remains weak. The price action suggests that DOGE is at a critical point, as it trades near key resistance levels.
If DOGE fails to break above the resistance zone (Green) at $0.10800 - $0.11099 and the descending trendline, it may face further downside, potentially retesting the $0.10208 support level. A break below this level could lead to a continuation of the bearish trend, pushing DOGE toward the $0.09395 and $0.08674 support levels.
Traders should monitor the resistance zone (Green) at $0.10800 - $0.11099 and trend line closely, as a break above it could signal a potential bullish continuation, while a rejection may lead to a retest of lower support levels.
Dogecoin's long term is bearishIn this update, we made the Dogecoin roadmap more specific.
According to the wave counter with recent data, the stop of bullish movements and the creation of important pivots, the time of waves, etc., the Dogecoin scenario is now more clear.
It seems that the price is in a WXYXZ (multiple correction) pattern, which in terms of time can continue until the end of 2025 (up to two vertical lines).
The white area is the large Dogecoin liquidity pool that has formed and is expected to be swept over the coming months.
By maintaining the supply range, Dogecoin can be involved in time correction and price correction for a long time and move towards the green demand range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#DOGE printing beautiful DOJI ready for 10x this season?DOGE has been trading within this channel since February 2021, over 1,127 days, until it broke out with a massive candle in February 2024. Since then, it has been retesting the breakout.
Here’s why I believe DOGE can 10x to nearly a dollar:
1. Breakout above the long-term accumulation channel, currently being retested.
2. Printing a strong weekly Doji, signalling significant buying pressure from the bulls.
3. Elon Musk is likely to shill it after the presidential election this year.
4. Trading above the 200EMA and battling to stay above the 100EMA.
5. RSI below 45 indicates plenty of room for growth.
6. MEME coins have been outperforming solid projects this season, and I believe DOGE will lead the charge in this bull run.
7. Multiple indicators are suggesting a bullish move is on the horizon.
My strategy is holding on spot for the next 6 months and be ready to accumulate on any dips.
This is not financial advice, so please do your own research.
**Trigger Point**: Closing above $0.11 (grey liquidity area) on the weekly chart.
Do you think DOGE can 10x from here, or is it just wishful thinking? Share your thoughts in the comments, and don't forget to hit that like button if you found this helpful.
Thank you!
#PEACE
#DOGE/USDT#DOGE
The price is moving within a descending channel pattern on the 4-hour frame and is expected to break upwards after it has adhered to it significantly
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 0.0800
We have a trend to stabilize above the moving average 100, which supports the rise
Entry price 0.09680
First target 0.1050
Second target 0.1180
Third target 0.1338
DOG sell/short setupDogecoin's major structure is bearish. Now the wave that has moved upwards has formed a bear iCH.
So we are looking for sell/short positions in supply ranges.
In the specified supply range, we can look for sell/short positions.
The target can be the range of demand.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
DOGE: R/2Price Action Analysis : DOGEUSDT
1. Trend Identification 📉➡️📈:
- Previous Downtrend: The chart initially shows a clear downtrend with lower highs and lower lows, starting from around 0.17000 USDT down to about 0.09300 USDT.
- Consolidation: After the significant drop, there is a period of consolidation between 0.09300 USDT and 0.12860 USDT, indicating indecision in the market.
2. Breakout 🚀:
- The price breaks out from the consolidation phase, moving upwards past the resistance level of 0.12860 USDT. This breakout suggests a potential reversal or at least a corrective move higher.
3. Support and Resistance Levels 🛑🟢:
- **Support**: Around **0.12860 USDT**, marked by a gray rectangle, indicating a zone where buyers previously stepped in and might do so again.
- Resistance:
- TP1 (0.13951 USDT): A minor resistance level where the price might face initial selling pressure.
- TP2 (0.15387 USDT): A significant resistance level aligning with previous highs, suggesting stronger selling pressure might be encountered here.
4. Key Price Zones 📊:
- Entry Zone: The price has recently moved into a potential buy zone around 0.12860 USDT, where previous resistance might turn into support.
- Stop Loss Level: Below the support zone at **0.11655 USDT**, to limit potential losses if the price reverses downward.
5. Candlestick Patterns🕯️:
- Recent bullish candlesticks indicate strong buying pressure. Look for patterns such as bullish engulfing, pin bars, or hammer candlesticks near the support zone around 0.12860 USDT to confirm entry points.
6. Market Structure 📈:
- Higher Highs and Higher Lows: The recent price action shows the formation of higher highs and higher lows, a characteristic of an uptrend. For instance, the price moved from 0.09300 USDT to 0.12860 USDT and then higher.
- Pullbacks: The price might pull back to the support zone around 0.12860 USDT before resuming its upward move, which is a typical behavior in trending markets.
Trading Strategy
- Entry Point:
- Enter a buy position near the support zone around 0.12860 USDT if the price shows bullish reversal patterns (e.g., pin bar, bullish engulfing) 📥.
- Stop Loss:
- Place a stop loss slightly below the recent low or the support zone at 0.11655 USDT to protect against downside risk 🚫.
- Take Profit:
- TP1: Set the first take profit target at 0.13951 USDT, where minor resistance is expected 🥇.
- TP2: Set the second take profit target at 0.15387 USDT, at a more significant resistance level 🥈.
Monitoring and Adjustments 🔄
- Price Action Signals: Continuously monitor the price action for signals of trend continuation or reversal. Look for strong bullish candlesticks at support (around 0.12860 USDT) and signs of weakening momentum (e.g., doji, bearish engulfing) near resistance (around 0.13951 USDT and 0.15387 USDT) 👀.
- Adjustments:
- Trailing Stop Loss: Once the price reaches TP1 at 0.13951 USDT, adjust the stop loss to breakeven or above to secure profits 🔒.
- Partial Profit Taking: Consider taking partial profits at TP1 (0.13951 USDT) and letting the remaining position run towards TP2 (0.15387 USDT) 🏁.
This strategy based solely on price action helps in making informed trading decisions without relying on external indicators. It focuses on observing and interpreting the market's behavior through candlestick formations, trend patterns, and key support/resistance levels. 📊💡
Strong buying momentumDogecoin is currently positioned precisely on an ascending trend line. This trend line has historically acted as a support level, guiding the price upward. If Dogecoin manages to break above this line with strong buying momentum, there is a strong likelihood of a significant upward movement. Such a breakout would indicate a continuation of the bullish trend, potentially attracting more investors and leading to substantial gains.
#DOGE/USDT#DOGE
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 0.1122
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.1188
The first target is 0.1388
The second goal is 0.1511
The third goal is 0.1648
DOGE - Short Trade | Support is fallen #DOGE/USDT #Analysis
Description
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+ DOGE, everyone's favorite meme token, has broken its support and is heading into a free fall.
+ There is no significant support until $0.09, which presents a good trading opportunity.
+ I'm entering a short trade at the current price.
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VectorAlgo Trade Details
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Entry Price: 0.11665
Stop Loss: 0.13552
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Target 1: 0.10860
Target 2: 0.10222
Target 3: 0.09132
Target 4: 0.08169
------------------------------
Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
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
Doge coin gold signal BINANCE:DOGEUSDT #2h,
We are expecting to see a reversal from the horizontal level of support that we are currently retesting. Which will lead to a strong movement to the upside that will help us breaking from above of the declining parallel channel. Switching from short term bearish to short term bullish.
thank you
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
DOGE buy setup (6H)Considering the hunt of the previous L and the liquidity pool we have at the top of the chart (shown by the $$$ sign), we are expected to see a reversal to the upside.
We are actually in a big range.
The targets are clear on the chart.
Closing a daily candle below invalidation will violate this 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
Dogecoin: The Lovely Doggo Dogecoin: The Lovely Doggo
It is supported by the curve trend line (Cru) for 222 days. If this trend continues and breaks the $0.176 resistance, we can move up to $0.197 and then after further support from this curved trend line (Cru), breaking the $0.224 resistance, we can consider the final target at $0.3125.
On the other hand, if there is no support and this curve trend line (Cru) disappears, we can correct and even experience a sharp drop. In this case, our targets could be $0.12 and then $0.075.
Beware of this double-edged sword.
All analysis is based on my point of view and this is not economic advice. You must do your due diligence for your own transactions
RIP KABOSUToday is a sad day for the crypto world, due to the death of Kabosu. For who doesn't know, Kabosu was the Shiba Inu that inspired the Dogecoin coin. As a Shiba Inu owner myself, i want to homage this legendary dog with this chart. As i posted some days ago, i expect a pump on DOGE if the mid term trendline i drawed hold the price. Actually we are ranging, and that's a good sign of accumulation that can probably lead the price to a pump till the resistance area at $0.20.
RIP Kabosu
DOGE W pattern *** LOG target of 50 cents!***Massive Qudos to Doge
It's a meme & crypto alt coin unicorn
It birthed an entire industry
So and one of the very handful of coins that can make new highs versus BTC
That is quite incredible.
here we have a lovely W pattern
with some nice targets for it
We will assess once these are made for further upside.
#Memes
#memecoins
#Dogcoins
DOGE: buy in breakout📊Analysis by AhmadArz:
🔍Entry: 0.1485
🛑Stop Loss: 0.1445
🎯Take Profit: 0.1515 - 0.1557 - 0.1602 - 0.1662
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Dogecoin Eyes a Golden Repeat: A Bullish Signal on the Horizon?
Dogecoin (DOGE), the self-proclaimed "meme coin" that took the internet by storm in 2021, is back in the spotlight. This time, it's not a celebrity tweet or a viral trend driving the buzz, but a technical indicator with a historical track record of bullish success: the golden cross.
Golden Cross: A Beacon of Hope for DOGE?
The golden cross is a chart pattern formed when the 50-week simple moving average (SMA) crosses above the 200-week SMA. In simpler terms, it indicates that the short-term (50-week) average price is trending higher than the long-term (200-week) average, suggesting a potential shift towards a sustained price increase.
For Dogecoin enthusiasts, the significance of this pattern lies in its past performance. In early January 2021, DOGE experienced a golden cross, which was followed by a meteoric rise of over 8,000% in just four months. This phenomenal surge propelled DOGE from a fraction of a cent to a record high of nearly 76 cents per token.
Is History Repeating Itself?
As of today (May 10, 2024), DOGE's weekly price chart displays a similar setup. The 50-week SMA is steadily climbing and appears poised to breach the 200-week SMA in the coming weeks, potentially confirming a golden cross. This has understandably ignited excitement among DOGE holders, with many hoping for a repeat of the 2021 price explosion.
A Word of Caution: Past Performance Isn't a Guarantee
While the historical correlation between the golden cross and DOGE's previous surge is undeniable, it's crucial to remember that past performance is not necessarily indicative of future results. The cryptocurrency market is notoriously volatile, and numerous factors beyond technical indicators can influence price movement.
Here are some key considerations to keep in mind:
• Market Conditions: The overall cryptocurrency market sentiment plays a significant role in DOGE's price. If the broader market experiences a downturn, even a golden cross might not be enough to propel DOGE on a similar upward trajectory.
• Regulatory Landscape: Regulatory changes or interventions can drastically impact cryptocurrency prices. Close attention should be paid to any upcoming regulatory developments that could affect DOGE's market.
• Whale Activity: Large investors, also known as "whales," can significantly influence DOGE's price through substantial buy or sell orders.
•
DOGE's 2024 Landscape: Beyond the Golden Cross
Even if the golden cross materializes, it's important to maintain a realistic perspective. Unlike 2021, DOGE currently benefits from a more established market presence. This, coupled with its year-to-date gains of over 70%, suggests a potentially stronger foundation for growth compared to its earlier explosive but volatile rise.
The Bottom Line: A Sign of Hope, But Not a Crystal Ball
The potential golden cross is undoubtedly a positive development for DOGE, offering a glimmer of hope for a sustained price increase. However, responsible investors should conduct thorough research, consider broader market factors, and avoid solely relying on technical indicators for investment decisions.
While the 2021 price surge might not be a guaranteed outcome, the golden cross signifies a shift in momentum, potentially paving the way for a more stable and upward price trajectory for Dogecoin in the coming months.
DOGE is in a long-term bullish rallyFirst of all, pay attention to the time frame.
A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside.
From where we placed the green arrow on the chart, the price has entered a bullish wave.
The previous correction was nearly 900 days. This bullish wave is also expected to have a period above 500 days.
After the completion of the previous correction, the price seems to have entered a diametric.
We now appear to be at the end of wave D of this bullish diametric.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
DOGEUSDT#DOGE CRYPTOCAP:DOGE has formed a very promising chart pattern for us. It has broken the downtrend resistance, confirming the bullish momentum. One of the best indicators, TD Sequential, has given a bullish signal after a long time. The first target appears to be fib 0.78, followed by fib 1, and beyond that, we can confidently say "fasten your seatbelts.