Dogecoinanalysis
DOGE: a legendary re-test.I was always checking this trendline in "logarithmic scale" and i was sure it would have hold. It didn't.
So i had the idea of checking it in "linear scale" and look at this! The price touched it and reacted aggressively.
Also notice how the price is compressing to the very end of the falling wedge.
It's normal to have this type of "low" volume. We will then experience a strong and aggressive push when the formation is coming to an end.
Most of the time, this type of pattern, is going to breakout to the upside but in the case of dogecoin we could never know. It's difficoult to believe at TA made for a token like Doge.
Anyway i was fascinated by the size of the falling wedge and the beauty of the structure. A very perfect one, even in its re-tests.
Doge- 30% upside potentialLike all crypto market, Doge also has had a nice reversal from 0.11 recent low and at this moment is clear that the support break at 0.1190 was a false one.
The coin has broken above the descending trend line that kept the price for a month now and at this moment is facing resistance at 0.1350 zone
I expect a break to the upside and continuation to the next important level of resistance at 0.1750
This scenario is negated by a drop under 0.1180
BEARISH!!!Descending triangle On the weekly charts, Doge and XRP seem to be presenting a descending triangle. This is a bear case scenario and I would expect the crypto to drop down to previous Supply-demand zones around $.05868261 or maybe new zones as the lowest Supply-demand zones seem to be weak.
Short opportunity in the DOGEUSDTIn the DOGEUSDT price chart, after correction and forming a wedge and breaking it, you can trade according the trading setup.
🔴Short Now 0.1315
🧯 Stop loss 0.1400
🏹 Target 1 0.1290
🏹 Target 2 0.1240
🏹 Target 3 0.1111
💸Capital : 1%
We hope it is profitable for you ❤️
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DOGE, global and local technical analysisLet's analyze the DOGE chart on the lower and higher timeframes.
Globally, the DOGE is in a large trading range. In doing so, let's highlight one of the most important levels at the moment - the middle of the trading range.
Locally, a trend line can be identified. The price is starting to squeeze and there could be a breakout soon.
In the case of a breakout, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
DOGEUSDT | The best places to buy and sell🔥Hello traders, Dogecoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the main waves 1, 2 and 3 are formed and now we are inside wave 4.
Wave 4 is unexpectedly zigzagged and this zigzag has completed its a and b waves and is now inside the c wave.
According to the rules, wave c is formed in the form of five waves, and of these five waves, waves 1, 2, 3, and 4 are complete, and we are currently inside wave 5 of wave c.
Wave 5 has done its minimum motion but its normal motion has not formed which I think for normal pattern wave 5 will probably have more downward and will move in proportion to wave c to wave a to Fibonacci 1.00 (if the range 0.1325 is completely broken) .
If the canal is broken upwards, we consider this zigzag to be over.
We will compare this correction with our internal waves and do not currently consider the ratio of wave 4 to wave 3.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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DOGEUSDT - POSSIBLE SCENARIO!DOGEUSDT price shows some great sense of bullishness. We will discuss, As you can see price is gradually reaching the dead end of the converging triangle and a breakout is most likely on the cards. Then we can see the volumes are shrinking day by day, which leads towards a bullish sentiment. Price also showed strong strength at the critical support zone. So wait for the confirmation and buy on dips. Good Luck!
The most important doge support and resistance linesHello dear friends, let's take a closer look at the Doge chart in daily time frame.Since May 19, 2021, a strong S1 support line has been formed, which has been rejected upwards every time the price hits it.It is possible that the price will test the S1 level once again on the way to increase.The R1 line, which used to be a strong support in 2021, has now become a strong resistance.If a daily candle is closed above the R1 line and after completing the pull back to it, it is possible to increase the price up to the R2 line.In the event of a war between Ukraine and Russia and the loss of the S1 support line, there is a possibility of a sharp drop in prices.
DOGE parallel channel#DOGE/USDT
$DOGE is inside descending parallel channel, and above middle line.
🐮 holding the support zone between $0.12 and $0.14 will help price break out from resistance zone that is the same with upper line of channel, to head up toward resistance zone between $0.22 and $0.25 that is the same with middle line of clone channel.
🐻 rejection from upper line of current channel and break down the support of $0.12 will drop price to middle line of channel around support of $0.08.
DOGEUSDT | The best places to buy and sell🔥Hello traders, Dogecoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the main waves 1, 2 and 3 are formed and now we are inside wave 4.
Wave 4 is unexpectedly formed in the form of a zigzag, and this zigzag has completed its a and b waves and is now inside the c-wave.
According to the rules, wave c is formed in the form of five waves, from these five waves, waves 1, 2, 3 and 4 are formed and we are currently inside wave 5 of wave c.
Wave 5 has done its minimum motion but its normal motion has not been formed, which I think for the normal pattern it will probably have a further 5 downward wave and will move relative to wave c to wave a to Fibonacci 1.00 if the range 0.1325 is completely broken ,This descent is confirmed.
If the roof of the orange channel is broken, we consider this zigzag completed.
We will compare this correction with our internal waves and do not currently consider the ratio of wave 4 to wave 3.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DOGE JUST HOLD ITDoes Doge want to say goodbye to Earth and say hello to the Moon?
The price is pulling back after breaking the channel upwards.
Do we have price support in this area?
It is also possible to see a positive divergence in the RSI indicator.
Will it reach the moon? (Will we change our car?🚗)
Start the new year with a gain.
Doge: Hey moon 😃, I'm coming ;)
Share your comments with us.
black mountain trade
Range trading for Doge?It looks like Doge has found support in the 0.125 and 0.135 zone and the price is hovering above this level for a few days now.
At this moment things look pretty calm on the Crypto market and a lot of coins can and should correct some of the drop.
This is also true in Doge's case and the coin can rise and test 0.2 important resistance
A drop under 0.125 negates this scenario
DOGE Dogecoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Dogecoin (DOGEUSD).
The chart is self-explanatory. There are many bearish signs so be careful when considering to trade Dogecoin.
Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, VPVR (Volume Profile Visible Range), Volume, Descending Wedge, RSI, MFI (Money Flow Index).
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk