Dogecoinanalysis
DOGE: MAKING SOME MOVE.Hello traders, welcome to this DOGE update.
Timeframe: 2 hours.
Trade setup:
DOGE broke out of the bullish falling wedge pattern. We may expect some rally soon.
Entry: $0.0606 to $0.0626.
Stop Loss: $0.0568.
Targets:
$0.06432
$0.06693
$0.07097
$0.07237
Note: Always use SL and do not over-leverage. This is a scalping trade setup and not for long-term holding. This isn't financial advice. So, do your own research before investing.
$DOGE Price Approaching Critical Level$0.048 is a critical level for $DOGE if price falls below 0.045 and W/M candle closes below it might signal for continuation of bear trend.
However there is also a change that $0.048 level is going to hold and price will reverse from here.
In any case it's an important level to watch.
Not financial advice.
Good luck!
DOGE bearish flag#DOGE/USDT
$DOGE broke down from ascending parallel channel, and as long as price stays below the resistance zone I consider it a bearish trend.
🐻 so this channel can act as a bearish flag and drop price toward $0.034.
📉 support zones in this bearish trend that price can react to them are around $0.06 and $0.053
DOGE|BUSD - Has broken out of its downwards channel“Two-month accumulation breakout on DOGE with decent volume . Probably a decent set-and-forget play to be honest.”Based on Fibonacci retracement levels, a method of technical analysis for determining an asset’s support and resistance levels, according to "Smart Contracter" is setting a target price for Dogecoin of slightly below $0.50, suggesting an upside potential of over 500% for DOGE from its current price of $0.08 within the next few months.
DOGE - DOGEUSDT Pullback or HODL 🤔Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
If you are invested in altcoins, this video on Doge is for you. A quick analysis on Dogecoin / DOGEUSDT for the short term after the mini rally.
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DOGE below upper line of ascending channel#DOGE/USDT
$DOGE shaped an ascending parallel channel and touched the upper line of this channel.
🐻 price can make a pullback to the middle line that is the same with broken resistance zone to confirm it as support.
🐮 then continue its uptrend toward the resistance zone above $0.1 to complete the inverted head and shoulders of my last analysis.
🐻🐻 breaking down from middle line will drop price to the lower line of the channel that is the same with support zone of around $0.073
$DOGEUSDT - Breakout & Reversal play with 15% to 50% upsideTechnical Analysis (TA)
Weekly Chart is showing signs of breaking out/reversing from the overbought zones.
The daily chart is breaking out of the resistance level of 0.07776 and attempting to break above the 100ema with solid indications of a reversal.
On the weekly we have plenty of space to fill up until the 0.09 level and further upside (if overall trends are good) to 0.117.
Price Target
Entry: 0.78
Target 1: 0.09 (+15%)
Target 2: 0.117 (50%
DOGE - 8/13/2022Haven't traded a ton lately, but bout to jump back in.
I think the MA's look solid here, the rsi looks like an easy place to buy and hold for a little while and make some easy profits. Pretty consistent green candles trending up with decent supporting volume.
Easy trade to make, imo. Seems to be testing resistance as I post this.
Doge dropped 64% after signal - now 87% pump incoming? 🚀🚀DOGE dumped 64% (purple price range) after the bear Supertrend Ninja - Clean signals (red vertical line on the background). Now there is a bull signal (green vertical line on the background) indicating a possible bull run to around to 0.13 USD (0.618) or 0.115 USD (0.5) forming Leg A. Which is about 87 (orange price range) possible gain.
DOGE is still below the the Ichimoku Cloud , which is considered bearish . Currently it is trying to break a resistance area at 0.07 USD. The RSI is still in a range/ slightly bullish at 49. RSI Brown at 59. If we take a look at the Average Directional Index ( ADX DI) its starting to look bullish. Currently DOGE is above its Basis Bollinger Band, Band Basis 20 Period SMA . And above the LSMA as well.
In short, DOGE is still in a range on the 2Day chart. Although I see more bullish than bearish elements. Since DOGE price and the RSI are still forming a higher low. I do see an Ascending Triangle (highlighted with two black lines. Which is a bullish sign as well. Let the GAINS begin !!
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
Dogecoin Forms a Double Bottom at $0.06, DOGE adds 6%Past Performance of Dogecoin
DOGE prices are firm when writing, riding the crypto bullish tide. Even though it is still in red week to date, the coin is up six percent on the last trading day. The critical support lies at around $0.06. Currently, bulls are beginning to establish themselves, reversing losses of the first half of this week.
#Dogecoin Technical Analysis
Overall, sellers are in command from a top-down preview as long as prices are below $0.075. However, in the short term, aggressive traders can ride the shift in momentum by loading the dips in sync with the gains registered on July 27. Provided prices are in a tight range above $0.06, traders might find entries to load, especially if there are more gains unwinding losses of July 26 at $0.068. In that case, DOGE may easily float to $0.075 in a retest of the primary resistance level. Conversely, if sellers absorb the bullish momentum triggered on July 27, forcing prices below the double bottom at $0.06, DOGE would likely dump to $0.05 in a bear trend continuation formation.
What to Expect from #DOGE?
Traders are upbeat, but there must be confirmation of July 27 gains for a clear trend definition. If buyers succeed, DOGE would print reliable support at $0.06 and possibly rise towards $0.075.
R esistance level to watch out for: $0.075
Support level to watch out for: $0.06
Disclaimer: Opinions expressed are not investment advice. Do your research.